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21 June 2011 | 22 replies
Sounds like I need to make actual human contact. lol
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19 November 2013 | 7 replies
It depends on many factors.In general if you are assigning contracts that is a relatively low risk process and an LLC may not be much benefit.Owning property on the other hand is higher risk and I put my properties in an LLC.Mixing the two in one LLC is generally not a good idea and can bring about severe tax consequences if you are determined to be a "Dealer" by the IRS.I am not an attorney of CPA, the above is not to be considered legal or accounting advice for your particular situation but simply how I might handle a similar situation.I recommend Nolo Press, books on LLCs and their webstie as well as seeking advice from a competent professional.Good luck - Ned
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31 August 2018 | 3 replies
It costs quite a bit in lawyer fees typically, and I’m wondering how much property damage a dog can do (as long as he doesn’t bite a human)I may be wrong, but I don’t see a $20K suit for some chickens and digging some holes.
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18 May 2020 | 6 replies
@Christopher Olsen I don't mean the Zestimate/ Redfin estimate, I mean actually get an offer from an iBuyer, that way a human might actually look at it instead of just an algorithm assuming it is available in your city.
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19 December 2023 | 12 replies
It made more financial sense and was much easier than flipping more houses and paying taxes on ordinary income.Makes sense - "tenant" & "frequency" play a key role in being considered a real estate investor vs. dealer for tax treatment.
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21 June 2023 | 12 replies
Or if you want 4% rules (with some shady tenants like hookers and drug dealers) you could buy in East Cleveland or parts of Toledo!
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11 September 2023 | 11 replies
We're a crew of amazing individuals who are growth oriented, kind humans, who want to help each other and grow to their best selves and make a ton of money in the process ;)]I joined Subto (and Gator) 1.5 years ago.
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17 January 2018 | 8 replies
The other thing you need to be careful with in the flipping stuff is being classified as a "dealer".
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26 October 2022 | 17 replies
At sixteen you can volunteer at Habitat for Humanity, a great way to learn lots of construction knowledge and get some contacts.
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20 February 2023 | 31 replies
My average daily use is 7 days or less, I do not provide services and I did materially participate at least 100 hours and more than any other individual and when I say individual I mean human and I have time logs from them.