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20 January 2025 | 37 replies
Looking for thoughts and suggestions on how to utilize these new funds for real estate investing.
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20 January 2025 | 9 replies
Would love to hear from anyone who have success stories and I am open to suggestions.
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21 January 2025 | 31 replies
With enough knowledge you can make a educated decision on which approach you take.My experience:I personally don't sign up for any program who take you aside during events and try to sell packages that is just blatant sales strategy.Once you sign up there is every attempt to make you sign for their programs for bookkeeping, registered agent, LLC or corp setup fee which have ridiculous even with platinum membership.Basic standard structure they suggest to take advantage of multiple deductions can be easily achieved by proper education or work with a good firm like https://wcginc.com who is local to you.A umbrella C-crop to manage all other LLC properties and take advantage of many tax deductions that are not available with a llc, its also used to take losses up to 100K as startup expenses and dissolve the entity after few years.Few LLC entities for investing in Real Estate, etc preferably in Wyoming or Nevada ( you can find many companies online who can do this for $150 compared to anderson $1500-$3000) , they will claim they have a secret Operating agreement which is bogus.They certainly try to take advantage of tax loopholes and claim to be smart people, my view they are just taking advantage of numbers as per their own statements.
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29 January 2025 | 68 replies
@Gail Travers thank you for taking the time to respond and for the book suggestion.
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14 January 2025 | 19 replies
Currently, my interests are Indianapolis and Louisville (though I would welcome other suggestions).
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31 January 2025 | 121 replies
The sponsor is likely suggesting that your monthly cash-flow will be shielded by depreciation and you will likely see your 'tax hit' when the syndication disolves which in industry standards is likely 5 to 7 years.
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16 January 2025 | 23 replies
Dont go to the regular retail realtor who only deals with FHA or conventional mortgages like 80%+ of the people.
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15 January 2025 | 6 replies
I would suggest looking at Alamance county.
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30 January 2025 | 34 replies
However, saying that there are many companies that do both that are amazing and don't do things like this, so I'm not suggesting that doing both is inherently negative.
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14 January 2025 | 8 replies
I don't know if you've played around with the feature request portal (it's under Help and Support in the top right, then Suggest a Feature).