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4 February 2025 | 9 replies
If transferring the property to an LLC, be mindful of the due-on-sale clause, and note that an LLC itself does not offer tax savings unless electing S-Corp status, which is rare for rentals.To maximize tax benefits, consider cost segregation, bonus depreciation, and short-term rental (STR) strategies, which could allow you to offset W-2 income if structured properly.
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17 February 2025 | 6 replies
On the other hand, many landlords were able to obtain low mortgage rates during the historically low interest rate environment during the Pandemic, allowing them to offer a much more attractive housing cost to renters.
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30 January 2025 | 6 replies
My idea was I could live there immediately and also do all the minor work that would not require an actual tradesmen, which would allow me to start building equity.
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21 January 2025 | 0 replies
If your agent allows you to do things that way, they don't know what they are doing.
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18 February 2025 | 20 replies
The price point and low property tax rate allow you to build a portfolio that cash flows and contains 15%-20% equity.
29 January 2025 | 20 replies
It's not worth hiring a lawyer but as you suggested, small claims court may be an option IF you hired them in your personal capacity OR if your jurisdiction allows LLC owners to go to small claims and represent the LLC in court (many, most?
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21 January 2025 | 5 replies
This allows you to participate from the comfort of your own home while still networking and learning.
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17 January 2025 | 19 replies
Specifically, I am looking at partnering with an individual who owns securities (stock and mutual funds) having them take out a line of credit against their portfolio (SBLOC) at a low interest rate, and using that to purchase properties rather than using a mortgage.
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30 January 2025 | 34 replies
The previous company wanted to do something similar, but our attorney pointed out that this wasn't allowable under Florida law.
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2 February 2025 | 9 replies
Those kids aren't allowed to leave the 1604 loop during their temporary "leave".2) Downtown can be MEGA, but zip codes are WAY too big to use.