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14 August 2020 | 0 replies
I'm a licensed agent in Oklahoma and was able to organize the contracts myself.
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14 August 2020 | 1 reply
This seller was asking $550,000 and it was a non profit going under.
17 August 2020 | 20 replies
You have to figure it out organically and those are the 3 easiest ways to do it.
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15 August 2020 | 2 replies
They''re going to go after the people on the loan docs and then the property as recourse, so they may still need something signed by all members.However, it happens sometimes since you may be able to get a tax break if you put someone like a non-profit as a GP.
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16 August 2020 | 13 replies
I routinely work with numerous organizations that have a 1000 or more corporate vehicles including LLCs where sequestration of liability makes perfect sense given the relative active business risks which are enormous and the relative costs of establishing and maintaining the structure are negligible.So again I say show me a small real estate operator that has been saved by an expensive and cumbersome legal entity structure that couldn't have been done it at least as effectively and much more efficiently through fundamental risk mitigation practices which disciplines one to act responsibly from the outset.In other words, running what are essentially passive real estate activities by retaining competent and professional management and a modest amount of insurance coverage (which should effectively limit risk sourced to the RE activity), and if you need additional coverage (for risk sourced outside the RE) get some ultra affordable umbrella coverage.Now I realize you won't be able to able to strut down the street pretending you are a player because you have an LLC, but it seems to be a very very small price to pay for not being played for a fool wearing the LLC trappings of a clown.
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17 August 2020 | 16 replies
You need to stop reading whatever you're reading that has created these ideas or smoking whatever has brought these pipe dreams and actually consult with a qualified tax professional.You're off the rails in so many different ways that just trying to organize my thoughts to address anything would require a complete re-education of pretty much everything you're thinking.Quickly though...Active participation in a home you're house hacking and currently living in does not create a deductible loss.
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27 December 2020 | 2 replies
Also I'd be interested in helping organize Meetups in our area.
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20 August 2020 | 11 replies
You want to set yourself up to have conversations with investors as often as you can in addition to organizing and vetting deal flow.
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4 September 2020 | 2 replies
.)- How do you manage and stay organized when you hire a virtual assistant to help you cold call and generate leads?
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19 August 2020 | 3 replies
What you can offer at the starting point is your analytical skill and perhaps technical knowledge on how to organize an email or web promo campaign.