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16 March 2020 | 68 replies
They have too many controls in place to “protect” the large corporation.
10 January 2020 | 3 replies
With that many partners I would suggest a LLC for the protection and know that your more than likely going to be getting commercial financing.
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10 January 2020 | 8 replies
I am trying to protect my investment and also be polite and courteous to these tenants, which is why I would like to give them options.
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17 January 2020 | 9 replies
@Steven Torok - since an LLC is only a legal hedge of protection it doesn't offer any tax benefits since it acts as a pass through entity.You'll be paying income tax on any profits that your rentals show, regardless of what you do with the money (whether you buy more real estate or a Porsche).However, if you refinance the properties, you can often show a loss for each rental property after depreciation/taxes/mortgage/expenses.
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11 January 2020 | 5 replies
Inspections are to protect the Landlord, not the tenant.
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11 January 2020 | 8 replies
This gives you protection if you wind up in a lawsuit because of your connection to the property.
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13 January 2020 | 16 replies
I don't grumble about tenant protection laws here because they kept the rents low when I was a tenant, which is how I could save money to buy the property.
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13 January 2020 | 9 replies
I want to create entities to protect my personal assets from consequences of the real estate business.
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13 January 2020 | 64 replies
It protects the buyer so they know they have a max out of pocket of $15k.
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27 February 2020 | 26 replies
They use escape clauses to protect themselves, not thinking about the distressed seller who at the end of the day will most likely be in a worse place if the sale doesn’t complete.This isn’t all wholesalers, but this is a lot of them, especially new ones with no money.