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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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1 May 2024 | 9 replies
@Randy Person had a good suggestion, tap into the local Real Estate Investor group athttps://www.facebook.com/groups/DaytonRealEstateInvesting, you'll find a lot of locals there happy to discuss with you.
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1 May 2024 | 22 replies
BUT, this is personal preference, if you are trying to make this a passive investment and don’t want to be cutting the lawn, then 5% is probably fine.Hopefully this helps!
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30 April 2024 | 37 replies
Same as an LLC with a personally guarantee magically takes away the liability from the personal balance sheet as well.
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1 May 2024 | 15 replies
I may not be the best person to answer your specific question since I haven't used Cozy or Avail and I'm not familiar with those systems.
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1 May 2024 | 7 replies
(I'm personally happy this failed because I have two clients under contract on homes they plan to short-term rent -- one in the mountains outside of Colorado Springs and the other right near Breckenridge.)
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1 May 2024 | 14 replies
personally, i dont see it as bad.
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1 May 2024 | 1 reply
Personal Financial Statement If you already have a form with all of this information, that’s great.
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1 May 2024 | 24 replies
I personally think there is a sweet spot of deals in the $2m - 8 or 9 mil range where institutional people shy away as it's not big enough and it weeds out a lot of other smaller investors.
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1 May 2024 | 2 replies
However, it does provide a foundational understanding that surpasses what the average person knows about the industry.