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4 May 2024 | 0 replies
Personally, we are diving deep into buying and operating businesses that potential to conservatively achieve 20%+ cash on cash returns.
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4 May 2024 | 14 replies
In this case, the second bedroom isn't necessary, but does get used as an office for the person working from home.
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4 May 2024 | 12 replies
so, for each individual person, it's more or less doable.if it's going to take you years to save up a down payment, can you increase your income and/or cut your expenses?
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30 April 2024 | 9 replies
Hey @Amir J Reichental, There are small pros and cons to this: Home Address:Pros:Privacy: Providing your home address keeps your personal information private, as it's not tied directly to your business.Convenience: If you're already receiving mail and other communications at your home address, it may be more convenient to keep everything in one place.Cons:Risk: Using your home address exposes it to potential risks associated with the property owned by the LLC, such as lawsuits or creditors targeting your personal assets.Tax Implications: Depending on your jurisdiction, using your home address could have tax implications, especially if you're claiming any tax benefits or deductions related to the property.LLC Address:Pros:Asset Protection: Using your LLC address helps separate your personal assets from your business assets, providing an extra layer of liability protection.Business Image: Using the LLC address for business-related documents can help establish credibility and professionalism for your company.Cons:Public Record: LLC addresses are often part of public records, which means they may be more accessible to anyone who wants to find information about your business.Mail Handling: If you don't have a physical presence at the LLC address, you'll need to ensure mail forwarding or a reliable method of receiving important documents.Ultimately, the decision depends on your specific circumstances and priorities.
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4 May 2024 | 4 replies
I know that much of it is based on personal risk tolerance but any advice would be greatly appreciated.
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3 May 2024 | 30 replies
Same facts, except that John only has 3 days of personal use in the year.
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4 May 2024 | 5 replies
So now it hits a rich and famous person.
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4 May 2024 | 28 replies
I personally reserve 15% of my rent per month for maintenance, capex, and vacancy.
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5 May 2024 | 19 replies
I haven't used Investor Carrot personally and know many people are happy with it.
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4 May 2024 | 23 replies
Salt Lake (also Zions) Navy Federal 80% LTV LONG draw period of 20 years, and 20 year repaymentNevada State Bank, in first positionNorway Savings Bank, MaineOmaha MortgageOne Nevada Credit UnionOregonians CU - ORPenFed - StoppedPeoples Bank of NCPioneer Bank, MNPNC Bank on primary and secondary (2nd homes) must be in personal name and 50% DTI is required.PSECU up to 80% Quorum Federal Credit Union 80% LTV, owned by LLC is OK.