Ben Foullon
How do I form a holding company?
25 October 2024 | 4 replies
Consider if it will truly benefit your tax position, liability protection, or asset management, or if it will just add unnecessary paperwork.If you’re in a state like California, keep in mind that you’ll have to pay $800 annually to the Franchise Tax Board, file a periodic Statement of Information (SOI), and submit a Beneficial Ownership Information (BOI) report.It’s a good idea to consult a real estate attorney to ensure you’re making the best decision for your specific needs.
Chris Seveney
Risky 2nds - Why a Paying 2nd can also completely wipe you out.
24 October 2024 | 15 replies
In WA state, we are deed of trust state and non-judicial (with an option for judicial) and requires a Notice of Default (30-day cure period) and a 120-day Notice of Trustee Sale with cure period.
Joseph Shuster
Negative Cashflow - STR
28 October 2024 | 46 replies
There is a ramp up period for a str business.
Miguelli Fernandez
Seller needs two weeks after closing to move out
31 October 2024 | 23 replies
A larger sum might provide more leverage to ensure they leave on time and in good condition.Rental Agreement: You could also consider having a formal rental agreement in place with the seller for the two-week period.
Brett Jurgens
Zillow ads climate risk insights, but too many people are ignoring the data
6 November 2024 | 54 replies
Take it with a big grain of salt - I saw a property tagged with HIGH RISK of HEAT due to a 200% increase of days over 100F in the next 10 years....going from ONE per year to ...drum roll...TWO days per year.Exactly ^^^I've noticed that they are now calling the wildest temps as 'Heat Advisory'....For example: Last summer in Phoenix, they had a period with 105ish temps declared as 'Heat Advisory'.
Larry Caper
Structure for Raising Capital without Broker-Dealer
23 October 2024 | 18 replies
I understand my role should include more than raising the initial equity investment and continue throughout the holding period and disposition.Here are my questions:Is Number 3 (from above) a good idea to create anonymity for investors?
Tyler Kesling
Refining My Path
23 October 2024 | 4 replies
As a new investor, a duplex gives me some pause because I'm afraid there might be long periods of vacancy where I'll have to come out of pocket to cover expenses.
Spencer Marshall
BRRR Exit Strategies
24 October 2024 | 4 replies
Were seeing a lot of BRRRR refinances in the sixes rate wise recently - rates have been a bit volatile last couple of weeks but some really solid BRRRR deals going on with DSCR considering the short seasoning periods and rates really competitive with conventional alternatives
Jamaal Smith
My monthly tax payment increased by a $600
29 October 2024 | 15 replies
It could be this was a standard periodic reassessment to account for market value increases and there's nothing to fight.
Bryan Schwartz
Trusted vendor lists are gold as a RE investor...curious how people built theirs?
23 October 2024 | 13 replies
@Bryan Schwartz a lot of trial and error - and even then, you have to watch them as they get greedy when you aren't looking.Try going to Home Depot Saturday 6am - those are the hard-working guys!