Ajit Singh
New Member - Serious Investor - ISO of a Mentor
6 January 2025 | 5 replies
I'm a small business owner and my partner has a corporate job.
Dan N.
Can a Wyoming LLC own an investment property in ANY state?
9 January 2025 | 18 replies
I really like LLCs compared to corporations because of the free stepped up basis for passing property to my children.
Brice Alef-Torrisi
Managing finances between multiple properties
14 January 2025 | 7 replies
@Brice Alef-Torrisi putting each property in its own LLC is usually overkill.Getting a bank account for each LLC is typically something you need to do to avoid "piercing of the LLC corporate veil" (actually depends on tax selection you made for LLC), but is also overkill.You haven't indicated how you are holding the deed for the latest property.If in your name or same LLC, you don't need a separate bank account.If in separate LLC, you can create a Master LLC, have each property LLC hire the Master LLC to manage their affairs, and just get a bank account for Master LLC.This is an opinion, not advice, so lookup CPA Frank Alcini in Troy for expert advice.
Polat Caglayan
What do you think about the future of Detroit?
12 January 2025 | 10 replies
Neighborhood revitalization projects, major corporate investments, and an influx of small businesses were all happening at a pace that made it clear the city is on an upward trajectory.From an investor’s perspective, Detroit offers a unique combination of affordability and opportunity.
Del Brady
Can an introvert without a sales background succeed in REI?
14 January 2025 | 16 replies
I’ve hit a challenge in shifting my mindset and would like to ask the group - if I’m not an extrovert with a sales background and the cushion of a 6-figure corporate job, will I be able to succeed at REI?
Jerry Zigounakis
LLC or sCorp for investment properties
21 January 2025 | 7 replies
You may want to research the tax differences between corporation and LLC for holding real property.California is generally more cumbersome than other states when it comes to taxes and filings.
Chloe S.
I don't know where to start or how to put my foot in the door...
13 January 2025 | 31 replies
When you work at a large corporation (national or global) you learn a lot in your role, but also by osmosis, just by observing other people and seeing how projects are developed, business is done etc.
Clinton Davis
What's the latest on this BOI?? Go or no go?
3 January 2025 | 13 replies
@Clinton Davis The Beneficial Ownership Information (BOI) reporting requirements under the Corporate Transparency Act (CTA) have been reinstated after a temporary injunction, with initial reports now due by January 13, 2025, for companies formed before January 1, 2024.New entities formed after January 1, 2024, must file within 90 days of creation.
Pero Konjevich
Rental Insurance Dyer Indiana
9 January 2025 | 4 replies
Not disputing your experience and I'm sure your agent is great.However, the Goosehead model is designed for the local agent to sell and the corporation to service.
Daniel M.
Mid-term rental research- What should I look for?
9 January 2025 | 6 replies
You might try corporate housing by owner, or try getting in contact with some insurance companies for replacement housing, or traveling work-crews, etc.