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15 February 2024 | 22 replies
I reached out on Facebook to a private money lender.
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16 February 2024 | 10 replies
Sources to find the agents that can handle Apartments (ie have the markets and knnowlege) may be: other owners, professional associations, their advertising.
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17 February 2024 | 2 replies
Here are some questions I have:1) Is it better to refinance or to have hard money/private lenders put a 2nd lien on the property to serve as a down payment to be able to borrow 100% of my next project?
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15 February 2024 | 18 replies
Not thrilled about it, but it has been just over 2 years since my last purchases (purchased $4m in Dec 2021), they had a private beach (there is not going to be addition beaches at least not in human lifetime spans), the market is down just over 10% from its height, and it is a place I would enjoy visiting.
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17 February 2024 | 2 replies
@Robert Medina Online presence is something I'd look into before setting up those appointments to interview, to save time and effort knowing that you are talking to someone who at least has a level of expertise.I tend to look at these things to start: What impression do they give you online (professional or not/resourceful or not)?
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17 February 2024 | 5 replies
It may lend you a little privacy, but folks who want to find you will just look up who created the LLC and then find you.That being said, in MO, they are incredibly easy to set up, and are not that expensive to establish (~$50 last I checked, although that may have gone up) and doesn't require any input from an attorney or tax professional (in my state)Personally, I have an LLC bc I pay myself through an S-Corporation as a realtor...the savings come out in the wash, but it allows me to pay taxes quarterly and avoid end of the year surprises.Another reason you may need an LLC is if you are investing with partners, and/or seeking certain loan types ( I know hard money lenders often require an LLC)Once again, this isn't my wheelhouse, so at the end of the day, I would reach out to a tax professional to learn moreLong answer short: in my opinion, you do not need an LLC if your plan only involves renting out your inherited home
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16 February 2024 | 12 replies
Syndication offers several benefits, including diversification, access to professional management, the ability to passively invest and the opportunity to participate in larger deals with potentially higher returns.That said, it's crucial for investors to conduct thorough due diligence, carefully evaluate the track record and reputation of syndicators, and assess the risk-return profile of each investment opportunity.
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17 February 2024 | 2 replies
@Omar ParksYou will not find a lender in the us to lend the money unless it’s a private moneyYour best bet would be if you own property here to use that as security but if not then it’s just tough
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17 February 2024 | 2 replies
Unless of course, the taxpayer shows material involvement and claims to be a real estate professional, spending 750 hours per year.Employing a property manager to manage out of state properties makes it virtually impossible to stay actively involved and spend 750 hours.
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15 February 2024 | 0 replies
Does time taking care of (mowing/landscaping) and managing (keeping records, paying HOA dues, paying taxes) my vacant parcels count towards my 750 hours of being a real estate professional?