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6 July 2021 | 5 replies
Ideally you'd use 2-3 check valves in series as this helps if one of the valves is partially or fully open due to debris or waste.
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7 July 2021 | 3 replies
An LLC isn't necessary but certainly recommended to protect yourself.Find a reliable cleaning crew and handyman, they are the lifeblood of your business.Also look into pricing tools like Beyond Pricing and Wheelhouse (you’re leaving money on the table if you try to do it on your own).Last but not least, research your competitors in the space.
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8 July 2021 | 3 replies
You have to own the property in an LLC or other entity.
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13 July 2021 | 6 replies
Hello all,Some friends and I are looking to start an LLC to begin investing in rental properties.
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18 July 2021 | 12 replies
I do understand that if I am buying and managing the property myself, all my direct expenses to manage the business are tax deductible, but since I'm thinking of investing on a turnkey basis and planning to hire a property manager for day to day operations, following would be tax deductible as a passive investor.Mortgage InterestProperty TaxProperty Management FeeDepreciationInsurancePossibility of 1031 exchange (Future)When investing via a real estate syndication as a limited partner:20% of the pass through income from the LLC is tax-deductibleThe Syndication LLC obviously would be taking the tax benefits of depreciation, property tax, mortgage interest deductions etc., but as a passive investor, is it more beneficial to invest directly in real estate than investing via a syndication?
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18 July 2021 | 4 replies
Hi Guys,I've been trying to find this answer online and was wondering if I create an LLC and it's only my wife and I as members 50/50 is that considered a single member LLC or a multi member?
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5 July 2021 | 3 replies
I was trying to find this online but is there any risk of having our trust own the LLC's for our investment properties?
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16 July 2021 | 5 replies
Do you guys do the buy and reno in one LLC (S-corp) and then transfer to another LLC (PASSIVE) for rental income?
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20 July 2021 | 12 replies
We don’t know anyone in the area, but even if you get a referral you might want to read our series about “How to Screen a PMC Better than a Tenant”, since selecting the wrong PMC is usually more harmful than selecting a bad tenant: https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processes