Jared Galde
Hey! I'm Jared. My life is about Sober Living Home Investing
9 January 2025 | 10 replies
Reading your post, I thought you were offering some type of class or mentorship.
Account Closed
L.A. Wildfires and Their Tax Implications for Affected Residents
9 January 2025 | 0 replies
Taxpayers within these zones are automatically granted this relief without needing to apply, offering some respite as they focus on rebuilding their lives.
Scott K.
STR insurance - Proper alternatives?
8 January 2025 | 13 replies
., with the rapid rise of STRs, you will find that many insurers offer STR policies.We use Proper but it is very expensive but very comprehensive.
Keilon Morton
Hard Money terms for partnership
7 January 2025 | 5 replies
I am offering 15% interest on the initial investment plus 40% ROI after a six-month grace period.
Kyle Kulhanek
Retitling a property to an LLC - Chicago
23 January 2025 | 7 replies
A knowledgeable attorney can advise here.Create a solid operating agreement: Since you own the condo with a friend, a clear operating agreement is essential to outline responsibilities, decision-making, and profit-sharing for the LLC.To save on costs:Look for real estate attorneys who specialize in investment properties and might offer package deals for the retitling, operating agreement, and filing the LLC.Shop around for title companies that can handle the transfer smoothly and provide competitive rates.Research DIY options for setting up the LLC if your situation is straightforward, though I’d still recommend a lawyer for the transfer process itself.Good luck with the process!
Edreco Amos
Looking to get my first long term rental property | How is Miami's market?
29 January 2025 | 23 replies
Another downside is you loose on the advantages, of the Federal Tax Code, by not closing in the name of a LLC (you can elect to have a LLC taxed, as a S Corporation which is a whole other conversation).If you want to close in the name of a LLC, Mortgage Lenders will offer you Commercial Loan Terms (25-30% down, a 15-25 year amortization, and a ballon due in 5-7 years).
Jorge Vazquez
Sign on rental properties yes or not?
15 January 2025 | 10 replies
Squatters are a real problem nationally and a study found that they target not only vacant properties but those advertised for rent or sale that offer 'immediate occupancy.'
India H.
1st time REI ready to make first purchase!
16 January 2025 | 10 replies
Alternatively, DSCR loans offer long-term financing with lower rates, but they come with more complex requirements.
Simon Horowitz
Quick introduction from New York
16 January 2025 | 5 replies
i.e. getting outbid on offers, properties become unavailable before you get a chance to see them, etc...You are not alone!
Maynhia Stott
state that offer OTC tax liens and deed
18 December 2024 | 20 replies
Prince Georges county in MD also offers over the counter liens.