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3 May 2024 | 11 replies
I use Appfolio in our business for LTR and we really enjoy it.
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1 May 2024 | 14 replies
Look for good business partners who can guide you to these deals and don't try to take the burden on by yourself.
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1 May 2024 | 4 replies
. - Uses permitted.SHARE LINK TO SECTIONPRINT SECTIONDOWNLOAD (DOCX) OF SECTIONSEMAIL SECTIONCOMPARE VERSIONSNo land, body of water and/or structure shall be used or permitted to be used and no structure shall be hereafter erected, constructed, moved, reconstructed or structurally altered for any purpose in an RU-2 District which is designed, arranged, or intended to be used or occupied for any purpose, unless otherwise provided for, excepting for one or more of the following uses:(1)Every use permitted in RU-1, RU-1M(a) and RU-1M(b) Districts.(1.1)Workforce housing units in compliance with the provisions of Article XIIA of this Code.(2)On lots meeting the requirements for two-family use, every use as a duplex or two-family residence, including two private garages.
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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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2 May 2024 | 5 replies
As I've been learning, there are the key taxes to understand when investing into a new area or state:- State business income tax (if you have an LLC)- State personal income tax (if they want to tax you too, even as an out-of-state investor)- City personal or business income taxes- Any registration fees due the city/state- City/state property taxesAnd I'm sure more!
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3 May 2024 | 12 replies
Yes you can use the cash out proceeds to payoff a mortgage balance for an investment property since it is still qualified as business purpose use.
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3 May 2024 | 8 replies
LLC's are more used by larger investors and people who do not qualify under their personal names and have to ue business purpose loans and they require the property be in an LLC and not an individual.
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1 May 2024 | 0 replies
Investment Info:Small multi-family (2-4 units) private money loan investment.
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3 May 2024 | 7 replies
Then speak with the planner to see what types of businesses / buildings they think are a good fit for the property based on the master plan for the area.
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30 April 2024 | 37 replies
Also, Is that warehouse line of credit for one business you own?