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1 July 2024 | 22 replies
Again, is this saying they need to be approved for and assume the income based loan, and subto doesn't work?
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1 July 2024 | 5 replies
I have a Series LLC I use to collect income for my consulting business, but the income goes to my personal checking account.
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4 July 2024 | 0 replies
I am currently renovating a 4 unit property.
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3 July 2024 | 4 replies
Reading through some other forum posts, it looks like there are much simpler partnerships, entities, or offerings that would meet what I am trying to do:My Role:-Decide on properties to purchase, mostly SFHs-Establish LLCs or other business structures to hold the real estate and distribute returns-Purchase properties, using loans as needed depending on the ROI/cash flow desired from investors-Act as property manager for the properties-Depreciate properties held in business entities to minimize taxable income to investors-Distribute returns to investors-Create investments that have high cash flow (CF) and low appreciation (App) , moderate CF and App, low CF and high App-Find investors from connections, friends, and family with no public advertising-Advise in a minimal capacity on tax and real estate strategies-Send investment reports to investors-Be fiduciary to all investors-Receive compensation from PM and other management work I do related to the investmentsInvestors:-Can be non-accredited -Invest as little as $1000-Can use retirement accountsWhat references can people recommend for me to learn about business structures, partnerships, securities, taxes, or other topics to get me started on learning what will work for my goals?
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2 July 2024 | 0 replies
You have established a stable income stream and solid understanding of the market.
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1 July 2024 | 6 replies
When I buy properties with way under market tenants, I have a "bad news bear" letter that I send out which introduces us, explains the current situation and tells tenants what the current market rates are, and for tenants not under leases, when and how much the rent will increase.
2 July 2024 | 1 reply
What I can say though is that Portugal will tax your income first either by having the OTA withheld the tax from the money you get or by having you make a local tax return.
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3 July 2024 | 6 replies
I've been a full-time real estate investor since 2019 and have flipped hundreds of houses and currently own a 50+ SFH rental portfolio (including short-term & long-term rentals).
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2 July 2024 | 9 replies
If I sell, I pay off the debt, lose the asset, and have no more monthly income from the property but I would be DEBT FREE, which is very enticing.
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3 July 2024 | 2 replies
It's a pleasure to be a part of the community and appreciate any and all tips and help I can receive.With that being said I'm looking to begin wholesaling in the San Antonio/Austin TX market and currently looking to meet and work with cash buyers that share similar goals.