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29 February 2024 | 4 replies
The asset protection benefit is that I can utilize Special Allocation strategies whereby, I, as a natural personal individual, would own less than 10% of this new Partnership/LLC and my SMLLC would own the remainder 90% thus the majority tax responsibility would flow through to the SMLLC.Any thoughts from the professionals of BP is greatly appreciated!
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29 February 2024 | 6 replies
It's advisable to work with professionals who have experience in navigating this process, such as historic preservation consultants and tax experts.Timing: The timing of when you claim the credits and how they impact your tax liability can vary.
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29 February 2024 | 5 replies
I have a guy on my team that is successfully renting by the room to young professionals, travel nurses, and college students, but that is downtown Indy.
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1 March 2024 | 6 replies
.; finding, analyzing, acquiring, and managing a property), then it becomes exponentially more difficult.Think of it this way: forming and managing a team of real estate professionals (agent, inspector, property manager, contractor, etc., etc.) without any real estate experience is a bit like trying to form and manage a law firm without any legal experience, or trying to establish and manage an auto repair shop without any automotive experience--those would be monumental challenges even locally, but doing it from hundreds of miles away is near impossible.
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28 February 2024 | 49 replies
Pre-COVID these markets had 20% to 40% of all prime inventory being held as personal residences or second homes with no desire to rent.
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28 February 2024 | 3 replies
I am currently completing the pre-licensure course for my MLO license, aiming to become a mortgage broker specializing in primarily non-QM/hard money products, along with some conforming loans.
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1 March 2024 | 13 replies
Consulting with a financial advisor or real estate professional may provide additional insights tailored to your situation.
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1 March 2024 | 28 replies
Cashout should be 75%LTV unless something in underwriting/ pre-screen came up.
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27 February 2024 | 1 reply
...wait until you hire an amateur.This is what the amateur gave me.This is what the expensive pro gave me. Can you spot any differences?
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28 February 2024 | 28 replies
Typically peroxide guys swear by hair bleach cream developer, because it can really do a range of lightening well, but it take times to develop skill in that.After you lighten up the spot, you're going to have to seal and poly the wood.