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4 March 2024 | 17 replies
@Jacqueline Bruen Whether the LLC has been in operation or not, if you purchase the property through a LLC expect real estate loans to have recourse meaning you will personally guarantee the loans.
5 March 2024 | 3 replies
Personally I wouldn’t count any Apple profits and just count that as a bonus unless you’re planning for that to be your new job.
5 March 2024 | 7 replies
What I was referring to were things like copies of operating agreements, verification of identity, copies of other documents we've already presented to our escrow company that establish how to take title, and so on.
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5 March 2024 | 70 replies
If your day job isn't real estate-related, is it possible for you to make a career change?
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5 March 2024 | 5 replies
It is the hardest part time job you'll ever have.
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4 March 2024 | 10 replies
This is why we aren't operating the Air Bnb ourselves. 3 bed, 1 bath, 1200 sqft, no hot tub as of now.Recently renovated, siding will be replaced later in May.
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4 March 2024 | 34 replies
Since the operating agreement is silent on ownership method, amending it to reflect Contributed Capital ownership might clarify things.
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4 March 2024 | 6 replies
Their content is much less dry, they do a better job of explaining the purpose behind rules and regulations, which I think is very important.
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5 March 2024 | 28 replies
I have a bank account for my LLC that is broken down into a Operating Expenses account that all funds enter and bills are paid through the OPEX account but I also have Series 1, Series 2, Series 3, etc bank accounts for the LLC.
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5 March 2024 | 34 replies
Let's say, you need a $50k Roof job after you own it via your SDIRA.