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18 July 2024 | 3 replies
So long as each LLC does not own more than two residential dwelling properties, or more than four dwelling units total, the LLC may require two month’s rent as security deposit.Although elsewhere I have expressed the opinion that placing each rental unit into its own LLC is maybe not necessary for limiting liability, if an investor is subject to the new security deposit limitations, the idea of limiting the number of dwelling units in any LLC to four rental units, now has an added benefit of allowing the LLC to require higher security deposits.Below is the pertinent portion of the statute:(4) (A) Notwithstanding paragraph (1), a landlord may not demand or receive security, however denominated, in an amount or value in excess of an amount equal to two months’ rent, in addition to any rent for the first month paid on or before initial occupancy if the landlord meets both of the following requirements:(i) The landlord is a natural person or a limited liability company in which all members are natural persons.
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17 July 2024 | 3 replies
I may go.https://www.meetup.com/bpg-residential-investor-meet-up/even...
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18 July 2024 | 7 replies
My plan is as follows:Keep stuff in my name so I have more lending options and better rates, including credit unions.
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16 July 2024 | 4 replies
A book that is 5 years old may not reflect the current mortgage rate or inflated home price market.
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18 July 2024 | 7 replies
Current payment on it is around 900 with about a 4% interest rate.
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17 July 2024 | 9 replies
I found a house in coddo mills that is around 300K and I need to pay $300 every month from my pocket after renting out that house due to current high interest rates (25% down payment).
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19 July 2024 | 6 replies
It's probably tempting with your low interest rate to keep it and that might be a slight consideration, but I would still be tempted to sell it if you can.#4.
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17 July 2024 | 1 reply
Active Income: Profits from fix & flips are considered active income, subject to ordinary income tax rates, unless structured through a business entity.4.
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16 July 2024 | 0 replies
This article says 5.5-6%. What do you all think of this???https://www.northmarq.com/insights/research/los-angeles-4q23...
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18 July 2024 | 24 replies
Inquiries, expedient responses for assistance, repairs, and maintenance, frequent rate/yield analysis, etc.