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29 November 2024 | 12 replies
Setup costs vary: Tier 1 (online services like LegalZoom) costs $50–$300 plus state fees (~$99 in Ohio), Tier 2 (with an attorney) costs $500–$1,500 for tailored structuring, and Tier 3 (with a specialized attorney and CPA) starts at $2,500 for complex setups.LLC will not save any taxes and would still be reported in your personal taxes if LLC is SMLLC.
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21 November 2024 | 39 replies
I am not against owning real estate through LLC's, LP's or other structures.
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2 December 2024 | 13 replies
Proactively managing tenants greatly reduces evictions and other problems.Finding a Good Property ManagerGood property managers are rare, so finding one requires a structured process:Define Your NeedsList required services based on property type and location.
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29 November 2024 | 9 replies
There is a % fee for withdrawing and/or closing, but that fee is capped at $250, so overall the fee structure seems reasonable to me.I'm not sure if I'm allowed to post the company's name here, so DM me and I can give you the name.
26 November 2024 | 5 replies
I'm surprised they were able to do a 1031 under this structure.
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28 November 2024 | 4 replies
Additionally, the repeated price reductions might signal broader investor hesitation, hidden repair needs, or structural issues.
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26 November 2024 | 6 replies
I’m looking for a structure that would at least allow me to break even, or create capital through something like the BRRRR method to use for future deals.
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27 November 2024 | 0 replies
Lease Options: Structure a lease option for the property you're flipping, allowing you to control the property while securing financing through the lease payments.By combining these strategies, you can create a unique financing plan tailored to your specific project and financial situation.
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28 November 2024 | 7 replies
You could use an LLC or even a land trust to structure this.