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16 September 2018 | 10 replies
I have read all the books, searched all the markets, began my networking, and created a 5 year plan for the start of this investment company.. bigger pockets my question to you is where do I step next?
18 September 2018 | 16 replies
Turns out they finally sent another email a few days ago but again disputing how much they owe, which again is MUCH MUCH less than we really should be charging them because the damage to the floors is so high for both the wood and carpets.
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6 February 2019 | 14 replies
This way you have an LLC with the taxation of an S corp.NOLO Press has very good website and books on entities and how to run and form them.
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13 September 2018 | 2 replies
Are there any meetings or books/podcasts that any of you would suggest to get me started?
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13 September 2018 | 5 replies
Final point make sure you know what byou are trying to find?
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27 September 2018 | 18 replies
Continue educating yourself by reading books, listening to podcasts and networking with local RE PRO's.
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19 September 2018 | 12 replies
When you guys contributed cash, you should have recorded cash as a contribution in the LLC's books. 2) When you invested in the LP, you would get rid of the cash from your books and record the Investment in your books. 3) After the year-end when your investment entity (not your LLC) files a tax return, you will get K-1 from your investment entity. 4) You will record the activity of the investment that is shown in the K-1 in your LLC's books. 5) After the books are done recording the K-1 from your investment, your LLC will file a tax return and will issue K-1s for you guys. ( just like your limited partnership investment issued a k-1 for you LLC) 6) You will pick up the K-1s in your personal return.
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26 October 2018 | 18 replies
Finally, you'll need a Lender who can perform closings virtually (e.g., thru a mobile notary) and uses systems like docusign to process paperwork online.
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25 September 2018 | 8 replies
Don't forget the in progress inspections by Building and Safety, and get it final and Certificate of Occupancy when it is done.
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20 September 2018 | 13 replies
There are books available written by attorneys available as well.