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9 April 2014 | 17 replies
By the time I kick the tenant out, cleaned the place up, marketed it to get a new tenant, at least 2 months would have passed.In addition to vacancy being lost revenue, the reality is, because of the costs of turnover, eviction, utilities need to be on to prevent pipes from freezing in the winter, etc., vacancy is also a COST not just lost revenue.
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8 April 2014 | 3 replies
It's preferred u go with a insured and licensed contractor to prevent from getting screwed over.
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13 April 2014 | 27 replies
I can't believe it would be legal to prevent someone from doing an inspection before under those circumstances.
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1 July 2014 | 1 reply
Is there any way to prevent this?
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2 July 2014 | 3 replies
I want to make sure I'm structuring the business effectively for tax purposes.New Wholesale Business:located in GA (LLCs are easy)2 person partnershipassignments and/or double closings only (no flips/holds)I have other business interests so I will be high tax regardless.majority owner of S-corp for IT consultingW2 for my "reasonable salary" plus shareholder distributionsLLCs (and trusts, etc) pass through for owning rentalsLLC pass through for rental property managementLLC pass through for note holdingThis wholesale partnership will be the sole source of income for my partner.My primary concern is whether separate business entities prevent my rentals from becoming "inventory" when the partnership gets treated as a dealer.It seems a basic S-corp is the way to go with regard to earned income to minimize SE tax.
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7 July 2014 | 16 replies
As he said, this prevents someone from coming back and claiming that under the pile of garbage was grandma's priceless ring and you threw it away.
3 July 2014 | 4 replies
Hi Rob-To be clear, you are trying to get a loan to purchase an additional property, as your new primary residence, but your debt-to-income is preventing you from doing so?
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7 July 2014 | 18 replies
It doesnt mean there is anything wrong w/ it, it just is they way they do things to prevent the property from going back on the market or things fall apart after taking it off.
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6 February 2016 | 85 replies
TreesThe City of Austin has a tree code that prevents building too close to some types of trees.
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9 July 2014 | 22 replies
Some will have deed restrictions that will prevent you from wholesaling the property (at least traditionally).