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24 May 2024 | 0 replies
Had a USPS worker cold call me about their online services and one of them was the online certified mailing system called, "Simply Certified".
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25 May 2024 | 7 replies
Originally I had planned to get the required permits from the city, but I had a contractor that I work with recommend to not go through the time, money, and headache of the permitting process since it's my primary residence and I can most likely "get away" with it.
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25 May 2024 | 7 replies
Now take that and add the new inspection requirements and higher commercial property taxes.
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23 May 2024 | 9 replies
Here is my plan and then my questions below:1) I want to buy single family homes across various states with each home having its own LLC in that particular state.2) I want these various LLCs to be owned by a Wyoming Holding LLC for anonymity.Here are my questions:a) Is it really as easy as creating a Wyoming Holding LLC online (e.g. zen business) and then creating an LLC for the homes in the relevant state (again using zen business as an example) ?
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26 May 2024 | 3 replies
Doing renos with a tenant in place is not a good idea.Tell them how much you are going to raise the rent and when (how much notice do you need to give for your area and how much do you want to give-ie if 30 days' notice is required did you want to give them 60 days?).
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25 May 2024 | 0 replies
The IRS has a “same taxpayer” requirement for tax tracking – if the same person or entity is exchanging, it’s easy.If not, we’ll have to bring in our structuring attorney to ensure the right steps are taken to maintain 1031 eligibility.
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25 May 2024 | 14 replies
Networking with them can be challenging, and extracting the specific information you need to transition into this space can be even more scarce and haphazard.To my knowledge, no certifications are required to officially label oneself as a developer.
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25 May 2024 | 9 replies
Put effort into getting to know people beyond online forms – that's the key to successful investments is finding other LPs.
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25 May 2024 | 2 replies
Many lenders will require seasoning (ownership interest) for a minimum of 6-12 months to utilize a new appraised value, but many will permit a cash out refinance using the purchase price anytime after closing.
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25 May 2024 | 7 replies
Unlike personal property, real estate also requires agreement on closing date, repairs, etc., so even if list price, cash is offered, another term might not work, so likely no way to hold a seller to sell until they actually sign an offer.