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7 May 2024 | 19 replies
If I personally understand the skin in the game first hand, I would think this will help me become a better manager of my team on it in the future right?
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6 May 2024 | 6 replies
Send him a letter, emphasize that you are personally yourself the end-buyer, include proof of funds, include something attesting to you being financeable (unless your proof of funds is for the full cash purchase price).If he owns 20 local businesses, good chance he's in at least one chamber of commerce, and if he's not, he 100% knows people that are, who will spill the beans and offer to do an intro if you mention you're interested in buying a gas station over a beer or a meal (there's probably like 3 people in that city that fit this description, why not get introduced to all 3?)
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7 May 2024 | 2 replies
Also, while I've read some horror stories about assessed value increases, our personal portfolio came out relatively unscathed during this recent batch of tax bills.
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7 May 2024 | 19 replies
If rent is not paid we follow up personally.
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7 May 2024 | 56 replies
Though a cost seg study doesn't increase your chance of audit, if you happen to go to audit it would be very tough to defend as a lay person.
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7 May 2024 | 21 replies
I personally have invested in a couple syndications in the last 3 years and none have been completed yet.
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6 May 2024 | 3 replies
I plan to hand write the letter to keep it personable and local.
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9 May 2024 | 25 replies
One of the complexes was over 1,000 units, I even went to see it in person, very nice, well kept, and great condition and great location.
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6 May 2024 | 5 replies
On a separate note, if my personal home and all my business is in the state of Michigan at this point, would there be any benefit to designing the business as a series outline or simply a parent/child LLC set up where the parent LLC would be created in a more tax advantaged state such as TX, WY, NV etc?