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29 January 2020 | 65 replies
So, if you want to compartmentalize your assets into separate child series and limit your downside risk like the Series LLC, but not pay the $800 franchise tax, you can do that.
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28 July 2019 | 12 replies
So if you're income is 50,000 and the 3 units rental income is 36000 annualized and your local AMI is 90,000 then you wont qualify because 80% of 90,000 is 72,000 and your combined rental and salary is 86,000 (example).This basically leaves you with the FHA owner occupied option to keep your min down payment low at 3.5% up to 4 units.The down side with FHA is the property (if 3-4 unit) will be subject to self sufficiency rules which states that 75% of the rents from all units at the property, even the owner occupied unit, must exceed the monthly mortgage payment or PITI (prin/int/taxes/ins).
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5 August 2023 | 11 replies
The downside is you must register it as an exempt security.
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14 July 2023 | 39 replies
One downside to MTRs we found is it can take a long time to get superhost on Airbnb.
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27 March 2020 | 4 replies
The only downside I've experienced is when there was a fire in commerce city that floated the smoke all the way to Westminster.
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16 March 2016 | 6 replies
Any downside they if they dont sign a new lease they are living their without a expired lease?
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26 April 2017 | 2 replies
The down side is that the lenders want 50% down.
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26 March 2021 | 3 replies
It's pretty convenient the only downside is if you use messenger a lot it can become a nuisance, because I believe the app works off of boolean logic that is tied to your notifications.. so you can't turn notifications off and have it still work.
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29 April 2022 | 6 replies
I would consult with both an attorney and accountant, since setting up an LLC can sometimes create real tax implications for you.Here are downsides to an LLC:- Increased borrowing cost- Increased administrative burden- Increased setup costs- Increased banking costs, with higher minimum account balances- Increased insurance costsAdditionally, an LLC is not always going to keep you anonymous.
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31 July 2023 | 9 replies
You can elect aggregate them in order to combine the hours when filing taxes, but there are downsides to doing that.