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Results (10,000+)
Esther Concepcion Getting a DSCR loan while married
28 June 2024 | 7 replies
With DSCR loans, Florida requires that you borrow within an entity, and as such, your spouse has no ownership or legal recourse (even though it is considered a spousal state).
J. Nicci Coffie How to Create a New Lease When Renewing a Long-term Tenant
27 June 2024 | 4 replies
For a new lease, I will need to create a state-specific one through some online entity
Derek Bleam Questions about starting an LLC
26 June 2024 | 18 replies
Generally speaking, it’s most cost effective to acquire the real estate in the correct deed holder entity on day one as it becomes costly to transfer property.
Alexander Wehrmann Convert my home to a rental and sell equity
27 June 2024 | 6 replies
I'm just not sure how to get connected with the right type of entity looking for appreciation.
Frank Greg GC: Average Total Labor Cost on New Build
27 June 2024 | 62 replies
@Matthew Paul:Without getting too technical here, most general contractors actually incorporate and provide their services through an entity operating as a business or company of some sort.. so its not clear what your initial point is.
Ane Deys LLC purchase in multiple states
26 June 2024 | 3 replies
Here are some steps and considerations for ensuring your LLCs are compliant from a legal perspective:For Your SDIRA LLCs in Florida:LLC Registration: You have filed the foreign LLCs with the State of Florida, which is essential.FINCEN Registration: Registering with FINCEN (Financial Crimes Enforcement Network) was a necessary step for compliance with the Corporate Transparency Act.Ongoing Compliance:Annual Reports: Ensure you file annual reports for your LLCs with the Florida Department of State.State Taxes: Check if there are any state-specific taxes or fees you need to pay for the LLCs.For Your Non-Retirement LLC in Nevada Buying Property in Michigan:LLC Registration:Foreign LLC Filing: Once the purchase is finalized, file your LLC as a foreign entity in Michigan.FINCEN Registration:Corporate Transparency Act: As of 2021, the Corporate Transparency Act requires LLCs and other entities to register with FINCEN.
Sonja Montielh New to investing but excited to start!
27 June 2024 | 3 replies
Hiring a Manager: Decide whether you'll manage the property yourself or hire a property management company.Tenant Screening: Develop a tenant screening process to find reliable renters who meet your criteria.Legal and Tax Considerations:Legal Structure: Consider forming an LLC or another legal entity to protect your personal assets.Tax Implications: Understand tax deductions available for rental properties, including mortgage interest, property taxes, and depreciation.Networking and Education:Real Estate Forums: Participate in forums like this one to learn from experienced investors and ask questions.Local Real Estate Groups: Join local investor meetups or associations to network with professionals in your area.Continued Learning: Attend seminars, webinars, or workshops to stay informed about real estate investing strategies and market updates.Starting with a rental property while keeping your condo as an investment is a great way to begin building wealth through real estate.
Jonathan Greene 5 Tips To Create A Real Wholesaling Business And Not a Chop Shop
2 July 2024 | 108 replies
I am not a Judge and can't predict how this one will play out, but I am sure someone or some entity with means and purpose can sue the state and let courts decide the fate of such brazenly overreaching legislation as 2023 MD HB0301.  
Irie NA How to Pay Housekeepers
26 June 2024 | 1 reply
As for a W-9, that is required if you're reporting to the IRS that company/person's earnings and technically is required for anything paid over $600 (I believe) to a single person/entity in a given year so you can issue a 1099.
Dean Valadez Paying mortgage on a former personal residence turned rental under an LLC
26 June 2024 | 2 replies
@Dean Valadez I've paid many mortgages with my mgt entity and no bank cared.