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18 January 2025 | 3 replies
Hi guys, I have some questions about putting property into LLCs/protecting assets, any information is greatly appreciated: Question 1: my understanding is that an LLC needs to be actively conducting business in its registered state in order for the LLC protections to apply, otherwise a judge could potentially pierce the corporate veil.
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8 February 2025 | 49 replies
This region offers attractive home prices in the $100K–$200K range, combined with rental yields that often exceed the 1% rule.
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22 January 2025 | 0 replies
Here are some key elements to include:Lease Agreements: Ensure your contracts reflect the latest laws, such as notice periods for entry or rules around security deposits.Fair Housing Compliance: Familiarize yourself with federal, state, and local fair housing laws to avoid discriminatory practices.Property Standards: Regularly inspect your properties to ensure they meet safety and habitability standards.Tax Documentation: Keep accurate records to comply with tax reporting requirements.4.
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18 February 2025 | 148 replies
The $56-a-unit process requires landlords to be up-to-date on their property taxes and for the properties to be free of any safety or building-code violations.Since landlords are not legally permitted to collect rent from tenants of a home with an inactive license, the system is designed to serve as a check on property owners, forcing them to address safety violations and pay their taxes.But Philadelphia’s Department of Licenses and Inspections lacks the resources to hunt down property owners who flout those rules, said Karen Guss, a spokesperson for the agency.
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3 February 2025 | 31 replies
I think this applies in all aspects (fitness, relationships, career, etc.).
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9 January 2025 | 18 replies
There are a lot of good things about Wyoming LLCs, but the favorable Wyoming laws don't matter as much because the state you are in will apply the laws of the state the property is located in.
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17 January 2025 | 7 replies
I see what you're saying about the 2% rule.
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22 January 2025 | 16 replies
Can you share some of your insights on how you've applied this to the Austin area?
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18 January 2025 | 0 replies
Purchase price: $160,000 Cash invested: $35,000 Purchased this property as a turnkey investment at the 1% rule moving equity from another deal.
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24 January 2025 | 8 replies
You've learned:1) The basics of landlording2) That it's not for youNow, how can you apply your landlording knowledge to "manage your manager"?