4 July 2024 | 7 replies
If during the tenancy you decide to switch bank accounts to hold the deposit, you must give the tenant notice of where the money is being held within 30 days of moving to the different account.
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3 July 2024 | 40 replies
BACK IN 2016 CHINA WAS BEING ACCUSED OF USING CHEAP STEEL TO BUILD METAL BUILDINGS.
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4 July 2024 | 15 replies
Avalon, it may be a bit of a drive for you but I always attended the Renegades Detroit RE Meetup.It's held monthly in Troy and always had a great turnout and mix of new folks as well as experienced investors.
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4 July 2024 | 5 replies
We had a major challenge with a subcontractor that held up our project timeline, but we were able to work through it to complete the project.
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4 July 2024 | 3 replies
If title was held in your personal name this would still be happening.
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7 July 2024 | 89 replies
It matters less how many units currently owned, but how many units have been bought, held, and/or sold in one's career is meaningful as one of several measurements a prospective passive investor should use to evaluate a sponsor's experience.In this context, door count is often misused by sponsors who count deals they are invested in as an LP, or deals they raised capital for as a capital raiser where they had no operational control or responsibility.
3 July 2024 | 2 replies
(If you sell and don't 1031 the property, then you'd have capital gains taxes too if held for over a year, personal income taxes if under a year.)Property taxes should be looked at as an operating expense.
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3 July 2024 | 4 replies
Some exchangers change how title is held on the replacement property once the exchange is "old and cold."
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3 July 2024 | 4 replies
Reading through some other forum posts, it looks like there are much simpler partnerships, entities, or offerings that would meet what I am trying to do:My Role:-Decide on properties to purchase, mostly SFHs-Establish LLCs or other business structures to hold the real estate and distribute returns-Purchase properties, using loans as needed depending on the ROI/cash flow desired from investors-Act as property manager for the properties-Depreciate properties held in business entities to minimize taxable income to investors-Distribute returns to investors-Create investments that have high cash flow (CF) and low appreciation (App) , moderate CF and App, low CF and high App-Find investors from connections, friends, and family with no public advertising-Advise in a minimal capacity on tax and real estate strategies-Send investment reports to investors-Be fiduciary to all investors-Receive compensation from PM and other management work I do related to the investmentsInvestors:-Can be non-accredited -Invest as little as $1000-Can use retirement accountsWhat references can people recommend for me to learn about business structures, partnerships, securities, taxes, or other topics to get me started on learning what will work for my goals?
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4 July 2024 | 11 replies
How is the rental held, and what kind of rental?