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8 October 2024 | 5 replies
Also, the LLC does NOT eliminate any personal liability on the next loan application which is a popular selling point by ill informed DSCR brokers on this board (but they rarely mention the higher financing costs that come with financing in a LLC) IMO, proper insurance coverage is a better choice.
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8 October 2024 | 10 replies
Your primary insurance policy with $300,000 in liability coverage should be sufficient in 99.999% of all lawsuits.5.
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7 October 2024 | 4 replies
In any event, Qualified Intermediary's total liability to Exchanger shall be limited to proven direct damages in an amount not greater than the fee payable by Exchanger to Qualified Intermediary."3.
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9 October 2024 | 15 replies
For example, we offer full service management but we don’t do STR taxes due to liability and complexity… but is always a good idea to make sure you guys are on the same page on what’s covered and what’s not to avoid any miscommunication.
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7 October 2024 | 2 replies
So if can bring his tax liability down with income properties, it makes sense to him.
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10 October 2024 | 19 replies
An agent getting paid a Placement Fee, has a conflict of interest, because they have no liability to you once you purchase the property.
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10 October 2024 | 13 replies
@David Neubauer Forming an LLC is smart for liability but can save you taxes if get an S-corp.
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6 October 2024 | 0 replies
There are onsite recreational facilities.The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.
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9 October 2024 | 14 replies
Active ownership takes time, patience, capital, knowledge, and comfortability with more liability.
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8 October 2024 | 10 replies
Your primary insurance policy with $300,000 in liability coverage should be sufficient in 99.999% of all lawsuits.5.