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Results (10,000+)
Michael Plaks Explained: How CPAs charge you (and why)
27 August 2024 | 13 replies
If your CPA personally answers his phone when you call, it means one (or more) of these things:you're one of his special most valuable clients for whom he makes an exceptionyou also happen to be his golf buddy or his investment partner or his girlfriend he is new and does not have enough clientshe is overwhelmed between projects and calls and is about to be checked into a facilityhe is a unicorn or is otherwise extinctWhat is reasonable to expect is that you should be able to reach your CPA at a prescheduled time and via an agreed upon channel: email, text, phone, video conference, whatever you guys agree on.
Kenny Stevenson Starting out. Need starter advice
29 August 2024 | 10 replies
Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.
Adam Guymon Starting Out, help! Very unique situation.
29 August 2024 | 6 replies
Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.
Isaac Blocher The Cost of Transactional funding
29 August 2024 | 70 replies
We need to establish some kind of benchmark and that clarity is what ineed.
Kevin S Christensen CA Purchase contract
27 August 2024 | 1 reply
I watched a video about house flipping, and he said to secure a property before a hard money and gap lender.
Ignatius Okeke Out Of State Investing
27 August 2024 | 8 replies
Here's a quick video about Norman, OK.
Rajagopalarao Paidi Any recommendation on forming out of state LLC or Home State LLC
26 August 2024 | 8 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.
Mary Jay Which forms to fill out for the New Corporate Transparency Act (Fincen)
27 August 2024 | 8 replies
I did a YouTube video of it as well and was actually surprised how easy it was to complete compared to a typical government form
Reese Shulman Real estate wire fraud
26 August 2024 | 2 replies
There are apps that can monitor a person's voice from video, recorded calls, or other sources, and then it can match the way you speak. 
Chris Price What CRM Do You Use? Why?
28 August 2024 | 21 replies
I won't go into details here about what that means, but, would suggest that you check out their detailed videos that demonstrate how it works.4) It allows you to be able to immediately discover information about anyone whom you might be meeting with, before the meeting.