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24 June 2024 | 6 replies
If you are investing in NC, you may have the funds to get the property your aiming for.
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26 June 2024 | 38 replies
There's some complicated ways around it and things may have improved, but I can tell you that I was personally threatened with being charged with a felony in 2019 for renting my property even though I had gone through the proper permitting.
25 June 2024 | 15 replies
The rationale being you are reducing your personal housing costs as the rented unit will be covering some of the costs.
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25 June 2024 | 5 replies
Your personal assets are protected with a viel, which can be pierced under certain circumstances.
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25 June 2024 | 2 replies
(And best case it was a rental for 17 years then a primary for 3, making only 15% possibly eligible.)Personally, if you and he are both 100% sure of the facts I would first reach out to a qualified intermediary (a person who handles 1031’s).
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25 June 2024 | 17 replies
Personally, I'd do it.
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25 June 2024 | 0 replies
However, it is mostly geared toward a person who has a W-2 job themselves, which is not the case for me, so there are some applications that I am finding confusing.
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25 June 2024 | 3 replies
A great way to meet people in your local community is to attend in person meet ups.
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23 June 2024 | 14 replies
Also, by taking a larger loan, you have funds you can invest elsewhere which helps you grow faster.
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25 June 2024 | 1 reply
Transferring Your LLC via Will:Review Operating Agreement: Check if your LLC’s operating agreement addresses ownership transfer upon death.Update Your Will: Specify in your will that you intend to transfer ownership of the LLC to a named individual or individuals upon your death.Consult an Attorney: Seek advice from an attorney specializing in estate planning and business law to ensure your will is legally sound and compliant with state laws.Consider Tax Implications: Understand potential tax implications of transferring LLC ownership through your will and plan accordingly.Notify Your Successor: Inform the person named in your will about their future role in the LLC and provide necessary documents.Please feel free to reach out if you need any further assistance.