Jay Lam
Title Insurance Void if transfer to LLC?
15 March 2024 | 5 replies
(i) The term "Insured" also includes(A) successors to the Title of the Insured by operation of law as distinguished from purchase, including heirs,devisees, survivors, personal representatives, or next of kin;(B) successors to an Insured by dissolution, merger, consolidation, distribution, or reorganization;(C) successors to an Insured by its conversion to another kind of Entity;(D) a grantee of an Insured under a deed delivered without payment of actual valuable considerationconveying the Title(1) if the stock, shares, memberships, or other equity interests of the grantee are wholly-owned by thenamed Insured,(2) if the grantee wholly owns the named Insured,(3) if the grantee is wholly-owned by an affiliated Entity of the named Insured, provided the affiliatedEntity and the named Insured are both wholly-owned by the same person or Entity, or(4) if the grantee is a trustee or beneficiary of a trust created by a written instrument established by theInsured named in Schedule A for estate planning purposes.
Eric Fernwood
What Makes An Investor Agent
15 March 2024 | 3 replies
Each one attempts to distinguish themselves by making claims such as:“We are the best.”
Vikranth Biradar
Good Locations for an Airbnb in Central California
14 March 2024 | 4 replies
They do some predictions to distinguish between actual occupancies vs host blocking calendar etc.
Rob Anteau
The Value of Professional Interior Design for Short-Term Rentals: Experience and Cost
14 March 2024 | 16 replies
Those two choke points helped us identify that we needed a professional especially if we were going to distinguish ourselves from the competition.
Zeona McIntyre
Who’s doing MTR in Ocala? I’d love to discuss demand, seasonality
13 March 2024 | 11 replies
With the right targeted marketing to people in the Northeast & Midwest, appropriate amenities for the audience (you’ll want to have super solid washer and dryer for assorted horse laundry, places to put saddles, a solidly equipped kitchen, places for kids to study and parents to work, etc) you’d be able to distinguish yourself in the marketplace.
Christian Hutchinson
Airbnb's no-camera policy
15 March 2024 | 43 replies
Hotels… The fact that there’s a code to get in the front door is the main distinguishing factor in my opinion.
David Ounanian
What tax benefits or implications should I be aware of as a real estate investor?
12 March 2024 | 4 replies
General considerations include:Income Taxes- Report rental income, distinguishing between short-term and long-term rentals.- Utilize depreciation deductions to reduce taxable income.- Understand passive activity loss rules limiting deduction of losses from passive activities.Capital Gains Taxes- Be aware of tax implications when selling property, considering short-term and long-term rates.- Explore strategies like 1031 exchanges to defer capital gains taxes.Deductions and Expenses- Know eligible deductions: mortgage interest, property taxes, insurance, maintenance, and management fees.- Maintain detailed records of all real estate-related expenses.- Use cost segregation studies to expedite depreciation of your properties to offset large income gains.Entity Structure- Choose appropriate legal structure (LLC, partnership, or S corporation) with consideration for different tax implications.Tax Credits- Explore available credits, like energy-efficient or historic rehabilitation credits.Qualified Business Income (QBI) Deduction- Check eligibility for QBI deduction, providing up to a 20% deduction on qualified business income.Record Keeping- Keep accurate and organized records for tax compliance and audits.State and Local Taxes- Consider varying state and local tax implications, including property and income tax rates.Tax Planning- Engage in proactive tax planning, consulting with professionals for a comprehensive strategy.Tax Changes- Stay informed about changes in federal, state, and local tax laws affecting real estate investments.Remember to consult a real estate tax professional for personalized advice based on your specific situation.
Nana Sefa
Owner’s title insurance - to get or not?
12 March 2024 | 250 replies
Here is the nuance I am trying to distinguish: yes of course when you refi or sell a lender or buyer will want title insurance (unless Iowa).
Cody Furry
House selling advice
2 March 2024 | 4 replies
I'm sure their listing comtract doesn't distinguish between the types of financing it is sold under.You will want to look into how seller financing will work with an existing VA loan on the property.
Jorge Abreu
Educating Active Investors and Partnership Opportunities
1 March 2024 | 0 replies
Remember, education is important, but it is the application of that information that actually distinguishes you.