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26 June 2024 | 19 replies
Not a big deal, but it is free money anyway.
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25 June 2024 | 8 replies
Will your partner be upset because you are getting the better end of the deal living rent free(assuming you aren't paying rent).What if only your name is on the mortgage and deed, then the tax documents will all fall on you and your tax return and not his which makes it more complicated trying to shift income to him.If there are two people on the mortgage, it will impact both your DTI ratio's equally in full hurting both of your abilities to get credit in the future until the property is sold.Why can't you do the live in flip on your own?
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25 June 2024 | 19 replies
I could not find any threads, but feel free to post any that exist.
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25 June 2024 | 6 replies
Although if you paid cash, youre always free to forgo insurance and assume the risks yourself.
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25 June 2024 | 8 replies
Feel free to reach out if you need any help.Best of luck!
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24 June 2024 | 21 replies
I also own a commercial warehouse in CA, I used to run my business out of it and now lease it to the new owners of the business.
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26 June 2024 | 33 replies
Short-term rentals do NOT allow events such as weddings, parties, specialized retreats or any commercial activities.”So make sure your geodomes qualify for STRs.
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25 June 2024 | 1 reply
Transferring Your LLC via Will:Review Operating Agreement: Check if your LLC’s operating agreement addresses ownership transfer upon death.Update Your Will: Specify in your will that you intend to transfer ownership of the LLC to a named individual or individuals upon your death.Consult an Attorney: Seek advice from an attorney specializing in estate planning and business law to ensure your will is legally sound and compliant with state laws.Consider Tax Implications: Understand potential tax implications of transferring LLC ownership through your will and plan accordingly.Notify Your Successor: Inform the person named in your will about their future role in the LLC and provide necessary documents.Please feel free to reach out if you need any further assistance.
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21 June 2024 | 13 replies
Im wondering details how commercial loans work.