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7 May 2024 | 6 replies
@David Roy GriffinBeen in the call center industry for 16 years holding different executive positions (even in the Philippines), so I can tell you this is not a good option for a number of reasons.1. 1,000 names will never bill enough to cover the call centers "hard costs" (training time, dev time, QA, overhead).
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7 May 2024 | 5 replies
Make sure you run a detailed financial analysis and always do a rental stress test to see how the numbers hold up under different scenarios.
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6 May 2024 | 5 replies
Should my parent company hold all of my real estate LLC's even if they are taxed differently (such as between the buy/hold and flip business) or are parent LLCs designed to only protect the several Buy/Hold LLC's because they are of similar taxation?
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7 May 2024 | 13 replies
Public hates you for a different reason. :)
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6 May 2024 | 8 replies
It is very large and takes some time to learn the different parts, so, there is a learning curve.
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7 May 2024 | 13 replies
Let's break down the pros and cons of each approach:Forming an LLC in the State Where the Property is Located:Pros:Compliance with Local Laws: Establishing an LLC in the state where the property is situated ensures compliance with local regulations and laws specific to that jurisdiction.Legal Clarity: It provides clear legal jurisdiction and may simplify any legal proceedings related to the property in that state.Perception: Operating with a local LLC may give tenants and local authorities confidence in your commitment to the community.Cons:Additional Costs: Setting up and maintaining an LLC in another state means incurring additional registration fees, taxes, and possibly hiring local legal counsel.Administrative Burden: Managing multiple LLCs across different states adds complexity to your administrative workload, including extra paperwork and compliance requirements.Tax Implications: You may face tax obligations in both the state where the property is located and your home state, potentially leading to double taxation or complexities in tax filings.Managing Through Home State LLC:Pros:Simplified Management: Handling all properties under a single LLC streamlines administrative tasks, reducing paperwork and simplifying tax filings.Cost Savings: Avoiding the need to establish multiple LLCs in different states saves on registration fees, legal expenses, and ongoing maintenance costs.Consistency: Uniformity in management practices and legal structures may contribute to efficiency and ease of operation across your real estate portfolio.Cons:Legal Exposure: Operating out-of-state properties under a home state LLC may expose your personal assets to the laws and liabilities of the other state, potentially diminishing the liability protection the LLC offers.Compliance Challenges: You'll need to ensure your home state LLC meets the legal requirements for conducting business in other states, which could involve additional filings and fees.Perception and Credibility: Some tenants or local stakeholders may prefer dealing with a landlord who has a local presence, which could impact your reputation or relationships in the community.Ultimately, the decision depends on your specific circumstances, risk tolerance, and long-term goals.
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7 May 2024 | 9 replies
or do you prefer to utilize your cash differently to grow your property holdings.
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4 May 2024 | 4 replies
(Detached garage, larger lot, rapidly growing region) Financing would be FHA 203k
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7 May 2024 | 7 replies
." - is not different than if I went on a restraunaunt forum and said "I want to open a restraunant.
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6 May 2024 | 3 replies
I am not expert on the why part but I noticed modern apartment put the water heater in different storage room.