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23 February 2024 | 5 replies
However, we found that by leveraging a local property management company and trusted professionals in the area, we were able to successfully manage our properties and generate a steady stream of income.Keeping the property as a rental can have its advantages, especially when the property is in an area experiencing significant price appreciation.
23 February 2024 | 65 replies
I recently talked to a tax preparer that claims I should keep the properties in my name then use the LLC as a management company.
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23 February 2024 | 3 replies
Make sure you are working with an escrow/title company what is used to working on assignment scenarios.
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23 February 2024 | 24 replies
This is not to say an experienced sponsor has bad deals, they will, but an investor typically will not only get 100% wiped out but if the company also took bonus depreciation the LP's will also have to pay that money back to the IRS, so its a double whammy (not an accountant but one may be able to chime in more on this).If you are a LP and invested in a syndication that has bridge debt, I strongly recommend you watch it very closely.
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23 February 2024 | 4 replies
“There is concern that in stressful market conditions we could see the failure of [these lenders]…this has become very significant in the mortgage market.”And if rates, drop fast this actually could spell disaster for these mortgage companies.
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23 February 2024 | 26 replies
to be honest, most people here is getting large downpayment after selling company stock or withdraw from 401k.
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22 February 2024 | 2 replies
I live in Midland TX which is dominated by the oil and gas industry and contemplated on purchasing a house or building a duplex to rent to a oilfield company.
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22 February 2024 | 7 replies
The remediation company came out and just today removed the rest of their equipment.
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23 February 2024 | 9 replies
Is there another role inside the company or at another company where your skills are valued but you can have more flexibility of schedule?
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22 February 2024 | 6 replies
Has anyone here used a VA company?