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25 August 2024 | 61 replies
Dalton, If you as GC become an investor in a new city and you started rehabbing, and you got 2-3 rehabs with a short term loan so time is crucial.
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17 August 2024 | 1 reply
Anyone have an attorney that they could refer me to who’s investor friendly & that understands as well as structure wholesale/assignment of contract deals in Orange County NY area?
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18 August 2024 | 6 replies
We are based in Orange County, NY which is right over the border from NJ.
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20 August 2024 | 11 replies
If you’re planning on banking on appreciation, it’s crucial to buy in a location with strong demand drivers like proximity to tech hubs or transportation.On the flip side, if cash flow is a priority for you, you might want to consider looking outside the Bay Area, in markets where the rent-to-price ratio is more favorable.Exit Strategy: Always have a clear exit strategy.
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21 August 2024 | 7 replies
Separating Y and taxing it as an S Corp could be beneficial if you're looking to take advantage of those tax savings, but only if Y's profits justify the additional administrative burden.Rental Agreement for Home Office:Yes, you can lease your home office space to your LLCs, but it’s crucial to keep everything documented and ensure the rent charged is fair market value.
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20 August 2024 | 11 replies
Networking is crucial to success in real estate investing and joining a group like this would give you access to mentors, realtors, financers, ect.
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17 August 2024 | 10 replies
Orange and East Orange are probably tempting as they're cheap but again, bordering Class D with crime and drugs.
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20 August 2024 | 4 replies
Some U.S. banks may be reluctant to offer mortgages to non-residents, so you might need to look into Canadian banks with U.S. branches or specialized lenders who cater to foreign investors.Legal Structure: Setting up the right legal structure (like an LLC or a corporation) is crucial for liability protection and tax purposes.
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18 August 2024 | 6 replies
However, laws vary, so it's crucial to understand your state's specific regulations.
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15 August 2024 | 13 replies
We live in Southern California, in Orange County.