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3 July 2024 | 5 replies
I've done this with my properties because I'm well known in my small town and don't want people to know what I own.LEGAL PROTECTION: By placing your assets in an LLC, you are legally separating them from your personal assets.
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2 July 2024 | 15 replies
I’m looking forward to meeting great people and maybe a mentor along the way.
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2 July 2024 | 73 replies
It was a giant PITA but I love AirBnB.Tips, pay your taxes, comply with the rules, be a great and personable host (I keep in touch with most of the people who stayed with me), and have faith that people in general are good and be good back to them.
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3 July 2024 | 4 replies
For example, TenantCloud will push (syndicate) your advertised rental to multiple websites at once, casting a wider net and increasing the chances of finding a renter.No matter how wide you cast the net, you still need to have some pre-screening requirements to weed out the people that are wasting your time.
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2 July 2024 | 2 replies
I suck at predictions as do most people, but here is my best guess on Florida.
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3 July 2024 | 10 replies
Just realize that if you buy real estate with a heloc, be careful as now you are basically leveraging existing assets for new assets and many times people get over levered and in trouble in those scenarios.
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2 July 2024 | 10 replies
However, I personally go 1 step further as many people have outsized debt obligations. relative to their income.
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2 July 2024 | 5 replies
Excited to meet awesome people who want to do great deals!
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2 July 2024 | 12 replies
The biggest mistake people make when attempting to invest overseas is trying to apply US strategies overseas.
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3 July 2024 | 4 replies
Reading through some other forum posts, it looks like there are much simpler partnerships, entities, or offerings that would meet what I am trying to do:My Role:-Decide on properties to purchase, mostly SFHs-Establish LLCs or other business structures to hold the real estate and distribute returns-Purchase properties, using loans as needed depending on the ROI/cash flow desired from investors-Act as property manager for the properties-Depreciate properties held in business entities to minimize taxable income to investors-Distribute returns to investors-Create investments that have high cash flow (CF) and low appreciation (App) , moderate CF and App, low CF and high App-Find investors from connections, friends, and family with no public advertising-Advise in a minimal capacity on tax and real estate strategies-Send investment reports to investors-Be fiduciary to all investors-Receive compensation from PM and other management work I do related to the investmentsInvestors:-Can be non-accredited -Invest as little as $1000-Can use retirement accountsWhat references can people recommend for me to learn about business structures, partnerships, securities, taxes, or other topics to get me started on learning what will work for my goals?