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3 February 2017 | 8 replies
The problem with LegalZoom is that the documents are not custom tailored to your particular business plan or business model, and do not necessarily adequate shift the risk where it needs to be.
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23 March 2017 | 6 replies
I would have the operating agreement drafted by a local real estate attorney who knows your state's laws and you can explain to the attorney how you plan on funding and operating the business.My business partner and I have multiple companies that perform different functions:We have an LLC the funds our real estate deals, using either cash from the LLC owners, or raising cash through promissory notes secured by 1st and 2nd position notes and mortgages/trust deeds (Hypothecation).We have an LLLP (Limited Liability Limited Partnership) that we use to purchase properties to flip.We have an LLC owned by a C corp that acts as the holding company for our long term buy and holds.We have an LLC that provides real estate deal management services.All of the companies are associated with each other, but we use different business entities based on the function of the company and to provide liability coverage (managing and shifting risk).
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16 September 2022 | 17 replies
It just means you need to be able to adapt and shift and understand the risk to whatever type of investment you choose.
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6 June 2023 | 11 replies
You are shifting RE income to active/earned income, requiring payroll (FICA MEDI taxes etc).
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11 July 2023 | 5 replies
There will be a shift in mindset as soon as rates drop.
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12 October 2020 | 25 replies
That seems to be shifting in the last year or so but I still think it mostly holds true.
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25 August 2017 | 193 replies
It's a big shift for me and I've been racking my brain on how to switch my gears from fear and want, to abundance and giving.
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19 August 2016 | 17 replies
I literately had to build a 3'x3' dirt shifter and shifted 1/2 acre of dirt by hand.
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28 October 2016 | 8 replies
Currently I'm employed as a cabinetmaker but would eventually like to shift to fixing and flipping homes.
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3 December 2013 | 9 replies
Saying repairs are to be paid by a tenant is or can be shifting an unfair risk of ownership to a tenant they may not insure against.