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Results (10,000+)
Dean Nigro Looking to enter the Florida market
18 June 2020 | 10 replies
We still have very affordable housing compared to many other big metro areas, no state income tax, big corporate money investing here(cruise lines, space program, tourism/hotels, lots of infrastructure projects for many years to come, lots of tech/medical growth.
Matthew Johnathan Newton Rental mortgage question
13 June 2020 | 7 replies
It sounds as though you/prior owner basically pierced your own corporate veil.
Will Dixon Underwriting treatment of passive losses from a syndication
6 June 2020 | 5 replies
So if it's a syndication, then it is likely strutured as a Partnership or Corporation that is reported under "PART II" of your "SCHEDULE E" on your personal returns.  
Brad Haughton Money when it comes to investing
11 June 2020 | 28 replies
And if you've set it up as a legal entity, you risk what they call "piercing the corporate veil" which is when a judge rules that your company doesn't really exist because you mixed your funds.If you have just the one property I would suggest learning the ropes of basic bookkeeping for it.
David Boucher Mortgage agents, is better to work for a bank or a brokerage??
8 June 2020 | 2 replies
Most people I know have gotten their mortgages through a bank, not a broker.From my analysis, it seems one can make more money working for a bank when starting out due to the logo helping you a lot with establishing trust, but in the long term if you can network yourself correctly there is more potential working in a brokerage.
Matt S. Downpayment Funding Options
1 September 2020 | 4 replies
You can 100% use borrowed funds for rental property down payments (people do it all the time with HELOCs), it must simply be secured borrowed funds, not a credit card or credit card equivalent (that's the difference between a HELOC and a credit card, and it remains true if your HELOC bank gives you a card with the Visa logo on it that draws on the HELOC). 
Julia Yels Property Management Inquiry Virginia
29 August 2021 | 6 replies
Every nonresident property owner shall appoint and continuously maintain an agent who (i) if such agent is an individual, is a resident of the Commonwealth, or if such agent is a corporation, limited liability company, partnership, or other entity, is authorized to transact business in the Commonwealth and (ii) maintains a business office within the Commonwealth.
Anne Williams COVID HAS ONLY INCREASED MARKET PRICESS!!!
9 June 2020 | 2 replies
The economy was growing at a steady but not insane rate, corporate earnings were up, worker incomes were rising, unemployment was the lowest it has been in a long time, and demand for new housing was accelerating.Then the Govt decided in it's wisdom that we all needed to stay home for 2-3 months, and in exchange they dumped a pile of money onto the economy and into private citizen's bank accounts.All this to say, we have no clue what's going to happen with the market.  
Sean Sullivan How did you decide on your first market to invest in?
10 June 2020 | 1 reply
You could follow corporate news and see where big business is putting in their next big location.
Dustin Peters Sep 401k or Solo 401k under LLC
6 August 2020 | 5 replies
@Dustin PetersIf you are self-employed with no full-time employees (even though you have a separate w-2 job), you would be eligible to establish a self-directed Solo 401k.You could then make contributions to the Solo 401k from your self-employment income (i.e. w-2 income when your business is taxed as an S-corporation, 1099-misc income if you are a sole proprietor).If your plan allows for it, you can make pre-tax, Roth (or even additional voluntary after-tax) contributions.Contributions can be made as both employee and employer contributions (since you wear both hats):The employee contribution limit is 100% of your w-2 wages up to $19,500 (or an additional $6,500 if you are 50 or older) provided that you are not making employee contributions to another plan (e.g. if you have a day job with a 401k plan).