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16 March 2024 | 3 replies
Feel free to DM to discuss further over the phone.1.
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17 March 2024 | 16 replies
moving it to an LLC will not do much for you in the way of asset protection OR taxes (double check that with a cpa, everyone's tax picture is different). most people lean towards the LLC thing for legal protection, but a single-member LLC is a thin veil that's easily pierced. you'd be paying LLC fees & paying another LLC tax return prep fee, for what i'd say is nothing. if you do want to transfer the deed to an LLC anyway, you'd do a 'quit claim deed' with a title company or real estate attorney. if the mortgage lender ever says something you'll just give them proof that it's a single-member LLC and the one member is you (the original borrower).
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16 March 2024 | 15 replies
I'm curious on how they broke down the $1200 fee.
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16 March 2024 | 2 replies
Also discuss with the contractor the time expected for the project if its small, mid or large and if it needs permits and how long would it take for permitting and all, also payment terms, make sure you go with payment terms that are fair to you and the contractor (so many terms but most common is monthly based on completed work with an upfront for materials) and ALWAYS keep the last payment until project is closed (retainage) and you do your walkthrough and if there's any issues you write them down and provide the contractor with (punch list to release the retainer once they're corrected or fixed). read about how to deal with contractors and always ask for references but it really depends on how big the job is, personally I wouldn't spend too much time doing due diligence on small jobs such as door latches or shelving rather on additions, layout change and other scopes.Good luck!
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15 March 2024 | 10 replies
Your own money no one is charging you any fees.
16 March 2024 | 3 replies
I assume when you say "the numbers work" that you cash flow positive...How much is the condo, what are the HOA fees?
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15 March 2024 | 4 replies
Barbara Corcoran recently discussed a property she acquired in a trailer park in CA.
16 March 2024 | 1 reply
I'd be curious to hear from the pros on how this law will affect this group of agents and how folks like me, who will be using a flat-fee agency, should handle working with them when it comes to commissions?
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16 March 2024 | 3 replies
To help in your search:be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise.
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16 March 2024 | 5 replies
@Greg Heden this is a common topic of discussion and the method that always comes up - what do your comps say?