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16 October 2024 | 4 replies
@Adolphus Fletcher For multifamily investing, most real estate investors typically use an LLC for several reasons:Liability Protection: LLCs protect your personal assets from lawsuits or debts associated with the property.Pass-Through Taxation: Income and losses from an LLC pass through to your personal tax return, avoiding double taxation seen in C-Corps.Flexibility: LLCs allow for flexible management structures and are easier to maintain than corporations.Anonymity: In some states, LLCs can offer a degree of anonymity if you use a registered agent and form the LLC in a state that doesn’t require public disclosure of members, such as Delaware or Wyoming.S-Corps are should be avoided for real estate investing because of various reasons.
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17 October 2024 | 5 replies
You should avoid these.Don’t worry if the topic/presentation on a particular day doesn’t interest you.
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18 October 2024 | 2 replies
Request and review sample reports to ensure the collected data is useful and well-presented.
30 October 2024 | 94 replies
(except not firing the PM sooner, oh well..)I also was thinking like you originally, that I would just keep putting 20% down on each, but each purchase taught me a new thing, and each opportunity presented itself at the time and I had to be open to creative ways to purchase, since not every property will be a perfect fit for traditional financing.
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16 October 2024 | 8 replies
@Annette Eck I’d send a complaint to the real estate board and the agent’s broker, especially if you have video proof that the agent is giving lockbox code to applicants, not present with them.
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15 October 2024 | 26 replies
I'm particularly interested in establishing a holding company that is a Multi-Member LLC with charging order protection so looking to place it in Delaware.
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21 October 2024 | 176 replies
Even and especially crashing market presents the best opportunity in decades to make most of one's investment.
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20 October 2024 | 3 replies
I'd then put in another offer-same as before but for $4500 less explaining that the deposit the realtor has because they failed to present the amendment to the seller is the seller's money and therefore you are offering $4500 less (because they will get that money).
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18 October 2024 | 7 replies
Mind you, this is a 2 story condo.Legal handled everything and the request was denied since the person who presented the ESA couldn't answer the follow up questions satisfactorily.The tenant moved out when the lease was up.Get legal help on this one.
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17 October 2024 | 2 replies
If so, what type and amount of coverage do they have carry for them.Secondly, I'd ask an insurance agent I presently use for advice, given your situation.