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5 October 2024 | 1 reply
Please use comedic insults only and I will take into consideration what you have to say.
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8 October 2024 | 36 replies
And yes, the chain of title on the real property would show your own name and then a deed transferring into the LLC for no consideration and no documentary transfer tax, likely making it even easier to find your name via public records search.
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5 October 2024 | 16 replies
For me that triggers it's too late...
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4 October 2024 | 5 replies
Occasionally there are some that don't ask 1000 questions and are pretty self sufficient, just trying to maximize their time and network, so those may get some consideration.
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6 October 2024 | 36 replies
No consideration to what this building or the neighborhood would look like in 10 years.4.)
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6 October 2024 | 5 replies
If market conditions change or unexpected expenses come, you might find yourself over-leveraged.Cash Flow Considerations With both a hardmoney loan and a HELOC, your monthly obligations will increase.
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3 October 2024 | 5 replies
I've been wanting to do this for a while, but haven't had the courage to pull the trigger to start doing it.
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4 October 2024 | 14 replies
It reasonably allows us to forecast the combination of traditional W2 earnings + a growing real estate portfolio and model out corresponding tax considerations.
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4 October 2024 | 8 replies
If so then moving it to the LLC is not a big deal, but if you have a mortgage, then you might trigger the due on sale clause which will require a refinance and possibly more down depending on equity.It sounds like you might have overcomplicated the situation but operating as an LLC but holding the property yourselves vs in the LLC.I have never seen that kind of situation before.
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9 October 2024 | 21 replies
Vacancy/turnover is a minimal consideration.13.