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13 June 2024 | 20 replies
Be ready to pay off the loan, end buyer refi (the reason for a wrap is not always bad credit), sell property, deed back and do a lease purchase option for a while (depending on what state you are in), whatever needed.The banks are not gods - they are just entities that do not care much for their customers due to being too big.Stay safe out there kids
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12 June 2024 | 14 replies
We've found it has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.Something else to keep in mind is your entity structure and how your entities file tax returns.
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12 June 2024 | 9 replies
I would make a separate entity if the function/assets of the business are different than that of your current entity
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11 June 2024 | 2 replies
It is merely a participation entity, if you research 'participation agreements' you will get the idea.
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11 June 2024 | 1 reply
This is something I've recently heard and is new to me.2) How would you structure your home(s) within a protective entity such as a land trust and/or LLC?
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12 June 2024 | 10 replies
Yesenia,Feels like a straightforward DSCR loan, base it mostly off of the cash flow of the property itself inside an entity and maybe take a bit of a leverage cut as a foreign investor, but very doable.Do you have an LLC already established?
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11 June 2024 | 6 replies
You can register your Wyoming LLC as a foreign entity qualified to do business in Alabama.
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12 June 2024 | 47 replies
The IRS sees the DST as nothing more than a pass thru entity, you just do your same schedule E.Royal Legal does offer an additional service for 50 bucks a month.
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10 June 2024 | 8 replies
I found this on TREC and sent to my current broker, but they still will not post open house on the MLS: https://www.trec.texas.gov/agency-information/rules-and-laws/trec-rules§535.4 License Required(g) Unless otherwise exempted by §535.5 of this chapter (relating to License Not Required) and §1101.355(d) of the Act, a business entity owned by a broker or sales agent which receives compensation on behalf of the license holder must be licensed as a broker under the Act.§535.5 License Not Required( c ) A real estate license is not required for an individual employed by a business entity for the purpose of buying, selling, or leasing real property for the entity.
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10 June 2024 | 7 replies
However, I used https://www.wyomingagents.com/If you decide to do it individually, I will first ensure you know enough about registered agents and how to nest your entity to keep your identity anonymous.