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10 May 2020 | 7 replies
I just formed the LLC and plan to transfer the property to the LLC for protection purpose.
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13 May 2020 | 7 replies
You'll want to keep records for potential audit but also find a system (spreadsheet, software, ect) that works for you for tax purposes.
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9 May 2020 | 2 replies
The main purpose of the seasoning period is to establish a new property value.
9 January 2020 | 7 replies
I have a full time job and the main purpose of getting my license at this time is to facilitate my own purchases and saving on commission costs.
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21 January 2020 | 3 replies
@Chris VanceIf you invest through an entity, make sure to know how the entity is taxed for US purposes and Canada purposes.For foreign investors investing in the US, you may be required to understand ECI(effectively connected income) and FDAP(fixed, determinable, annual and periodic).Furthermore, you may be required to apply for an ITIN.
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30 January 2020 | 12 replies
I only have one issue with “house hacking” and that is that my wife and I would really like a SFH for pet purposes and she is set on not sharing a house either.
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9 January 2020 | 2 replies
There’s no real advantage to this and in fact it’s better to keep them separate for LTV, refinance and sales purposes.
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15 June 2020 | 15 replies
@Morgan PorterHey Morgan I have a friend that bought a lake house two years ago for the same purpose but ended up liking the lake living and staying full time.
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4 February 2020 | 4 replies
Here is one you can save and re-purpose as needed:http://mycrmrental.com/wp-content/uploads/2018/01/Move-Out-Survey.pdf
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10 January 2020 | 15 replies
Deal Structure: The property would ideally be held by a single purpose LLC formed in the state where the property is located and we would have a strong operating agreement in place to try and avoid as many problems as possible.