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5 June 2024 | 2 replies
This property meets the requirements of Sections 1947.12 (d)(5) and 1946.2 (e)(8) of the Civil Code and the owner is not any of the following: (1) a real estate investment trust, as defined by Section 856 of the Internal Revenue Code; (2) a corporation; or (3) a limited liability company in which at least one member is a corporation.”I'm not a trust expert but I'm pretty sure a land trust is not a real estate investment trust (REIT), and I'm assuming your LLC is not owned by a corporation ... therefore it's exempt.
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5 June 2024 | 28 replies
Connect with local real estate professionals and consider upgrading to a BiggerPockets Pro Membership for more insights.Good luck!
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5 June 2024 | 15 replies
. - look at previous settlement statements or get an estimate from your title company.
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5 June 2024 | 3 replies
Following the initial scope of the rehab, my insurance company told me I'd need to update the roof for continued coverage.
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4 June 2024 | 12 replies
Huge companies use packets like this to attract investors, so why not model the big guys?
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4 June 2024 | 2 replies
As that will at least help folks that you reach out to know that you are a real person, with a picture and professional bio.
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5 June 2024 | 6 replies
It’s a local company in Georgia elemental home
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6 June 2024 | 11 replies
I've been using this company as of late https://www.propertyleads.com/peter-vekselman/Sometimes get them from ispeedtolead too
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4 June 2024 | 10 replies
This time I called Rtr and they said, "we need to switch PM companies to "PM company B", we have had a lot of complaints and have been moving a lot of Rtr customers over to this new PM company for a few months.
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5 June 2024 | 0 replies
Garcia, 360 So. 3d 432 (Fla. 3d DCA 2023) - determined that transferring real property to a limited liability company controlled by the grantors constituted a “change of ownership” of the subject property under state law, and therefore, Florida’s beneficial “10% Assessment Limitation” (i.e., a 10% cap on annual increases in a property’s assessed value for Florida property tax purposes) on the subject property COULD NOT be retained by the LLC after the transfer.Now your 10% annual tax cap is GONE🤯Despite the Florida Supreme Court's recent denial of discretionary review, making the decision final, the S & A case could significantly affect real property taxes for various related-party real estate conveyances.