25 May 2015 | 9 replies
You are creating some big liability for yourself in doing this, so make sure you do it right.
26 May 2015 | 9 replies
Here is my opinion so far:US:- 30yr fixed principle repayment mortgage, so actually build equity assuming 0 appreciation- rates around 4.2% right now (also get a small discount through work)- first 4 properties 20% down, then 25%- can deduct all expenses plus depreciation- I have a large liability in USD (student loan) so would be good to have a USD cash flow and avoid FX riskUK:- interest only mortgages with 3-5% fixed rates for 3-5 years...then need to refinance (which can be expensive and unpredictable...also interest only so relying on appreciation)- however, interest only improves the cash flow significantly as the mortgage amounts are tiny- 25%+ down- slightly less tax friendly, it seems- much less space, higher population density and growth...points to higher average appreciation potentialDoes anyone have any thoughts?
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28 May 2015 | 5 replies
The property tax is not much and I imagine liability insurance wont be as well so its not a huge problem to hold it for a while if needed.The biggest cost would most likely be demolishing the rundown building (can be done by hand) and cleaning out the jungle that has developed on the property.Its certainly one of those where its worth to put out a feeler and make an offer and see what happens, especially since I feel the neighborhood is on the "come-up".
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26 May 2015 | 4 replies
They give unlimited liability to all partners for their own AND their partners' actions.
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27 May 2015 | 10 replies
Relationship: The Parties hereto shall not be deemed to be Partners or Joint Ventures and no Party shall be liable for any other Party's commitments or liabilities resulting from execution of this Agreement.
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27 May 2015 | 5 replies
Do they have any liability?
27 May 2015 | 1 reply
Make sure the value of the policy is enough to cover the value of your net worth (assets less liabilities).
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8 June 2015 | 6 replies
As an investor, you want to shield yourself from liability.
13 December 2015 | 4 replies
Hello All,i just purchased a couple of vacant parcels in California that i plan to build within 3 years.The plan is to build 2 homes and sell one.These are the only properties i have in the US, however i own substantial assets in Europe.I carry the title in my name and have contracted a 1 million $ general liability insurance coverage for each lots for now.
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11 December 2015 | 1 reply
I have heard multiple times that to limit liability when wholesaling that it's best to put it underneath your LLC?