Karen Chenaille
DIY Cost Segregation Study Tips/Tools/Templates?
7 May 2024 | 56 replies
When I compared prices with other vendors seemed to be quite reasonable ($399).One of my bigger concerns about hitting then "Pay" button was whether this company will be there for me in the event that their report ever gets questioned by the "authorities", you know who I am referring to :).To mitigate that risk I looked up individuals on their site and made some calls.
Shannon Garst
Need advise on setting up an LLC
7 May 2024 | 13 replies
Let's break down the pros and cons of each approach:Forming an LLC in the State Where the Property is Located:Pros:Compliance with Local Laws: Establishing an LLC in the state where the property is situated ensures compliance with local regulations and laws specific to that jurisdiction.Legal Clarity: It provides clear legal jurisdiction and may simplify any legal proceedings related to the property in that state.Perception: Operating with a local LLC may give tenants and local authorities confidence in your commitment to the community.Cons:Additional Costs: Setting up and maintaining an LLC in another state means incurring additional registration fees, taxes, and possibly hiring local legal counsel.Administrative Burden: Managing multiple LLCs across different states adds complexity to your administrative workload, including extra paperwork and compliance requirements.Tax Implications: You may face tax obligations in both the state where the property is located and your home state, potentially leading to double taxation or complexities in tax filings.Managing Through Home State LLC:Pros:Simplified Management: Handling all properties under a single LLC streamlines administrative tasks, reducing paperwork and simplifying tax filings.Cost Savings: Avoiding the need to establish multiple LLCs in different states saves on registration fees, legal expenses, and ongoing maintenance costs.Consistency: Uniformity in management practices and legal structures may contribute to efficiency and ease of operation across your real estate portfolio.Cons:Legal Exposure: Operating out-of-state properties under a home state LLC may expose your personal assets to the laws and liabilities of the other state, potentially diminishing the liability protection the LLC offers.Compliance Challenges: You'll need to ensure your home state LLC meets the legal requirements for conducting business in other states, which could involve additional filings and fees.Perception and Credibility: Some tenants or local stakeholders may prefer dealing with a landlord who has a local presence, which could impact your reputation or relationships in the community.Ultimately, the decision depends on your specific circumstances, risk tolerance, and long-term goals.
Alecia Loveless
Problem with Tenant Please Advise
7 May 2024 | 27 replies
To start fixing this you are only authorized to review their communications and respond one time every Tuesday and Friday.
Sung H Kim
Mentorship program for $40k
9 May 2024 | 65 replies
Some people, of course, do need that follow up from an authority figure, need Daddy to tell them when to make a move.
Austin Tam
Calling All ABC Capital Investors: Updates on Investments
6 May 2024 | 23 replies
They breach contract, I'm desperate trying to find a lawyer to sue the company.Below are the issues I have had with them: 1- They sold one my houses in Philadelphia for USD 146K but only paid me 94.975 – I authorized them to sell the house for a minimum of 94.975 but not to pay me less that what they sold it for2- They sold another house in Baltimore for USD 104.780 but only paid me 89,448.203- Only the difference between what houses were sold and what I received is USD 66,356.804- They deducted USD 5K from my rents in January without giving me the opportunity to do a full inspection in the house as agreed in contract.
Greg Strunak
Puppy mill/ aggressive dogs
5 May 2024 | 8 replies
Also depends a lot on local authorities whether people will dismiss your concerns or not.
Cartus Aikens
Can you make money with tax deed investing
4 May 2024 | 66 replies
Assuming you bought from a tax suit, you want to make sure all the taxing authorities were joined on the suit or that the proceeds from the sale are enough to cover the non-joining taxes.
Michael Calvey
Tenant Screening Secrets: What's Your Magic Formula?
6 May 2024 | 27 replies
The author of most of the bills was evicted when he was in high school and the president of the senate was also evicted when she was a child.
Brian V.
William Tingle Subject 2--Is his course worth it?
3 May 2024 | 8 replies
There is no money back guarantee, but when I emailed questions to the author, he responded in 15 minutes and offered to answer any support questions I would have.
Rhia Mckissic
Who signs the Lease? Property Manager or Owner
2 May 2024 | 8 replies
It just matters what authorities you have given the PM in your agreement with them.