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18 May 2024 | 3 replies
As @Eric Greenberg correctly pointed out, significant restrictions on STR use was implemented at the start of 2023.
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16 May 2024 | 22 replies
@John Carbone, I have see a lot of discussion around this topic.
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21 May 2024 | 138 replies
This is analogous to a "Checkbook IRA" that uses an IRA-owned LLC to hold SDIRA assets.Within an SDIRA, the only way "checkbook control" is achievable is through the use of an IRA-owned entity.With QRPs, in contrast, "checkbook control" does not require the use of a QRP-owned entity to hold assets.Notwithstanding, when correctly implemented, there are benefits to investing within a QRP-owned LLC.TCF appears to take a "one-size fits all" approach by requiring that (a) every client establish an 401k-owned entity and (b) that entity be a Wyoming LLC or Colorado LLC.
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17 May 2024 | 1 reply
Identify the strategies you both want to implement on a specific property and stick to it.3.
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15 May 2024 | 10 replies
Here are some diagrams to help you in your quest for answers on this subject:Asset Protection Decision Diagram - to help assess the need for asset protection, and what to implement : https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-decision-diagramAsset Protection Onion Diagram - what, when and at what cost one should implement in terms of asset protection - https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-onion-diagram-v2What is needed for a complete asset protection OR the domains that need to be intersected to find asset protection
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16 May 2024 | 158 replies
So far they seem very interested in creating customized solutions to allow us to implement @Tom Wheelwright's strategies.
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15 May 2024 | 6 replies
These forums are even more powerful because you'll connect with folks who are learning about and/or implementing the same things mentioned on the podcast.3 suggestions:1.
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15 May 2024 | 4 replies
I will be taking a look and start implementing the strategies taught.
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16 May 2024 | 11 replies
You can implement your own systems, decisions can be made in hours rather than weeks, and tyou can focus on your deals, not the otters 1000s of units third party has to manage.To say one is better than the other is difficult if you dont have all the facts.
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16 May 2024 | 74 replies
I would like to implement a online marketing strategy soon to increase leads too.Well, I hope to meet and network with y'all on BP and in the San Antonio market soon!