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1 January 2019 | 1 reply
I am trying to learn all I can I am literally spending hours upon hours of research each day for the past few months trying to educate my self on the legal aspect etc.
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20 January 2019 | 14 replies
@Mindy Jensen where's my virtual cork-board ;-) ), but here are some alternatives to get you started:Douglas Gray's "The Canadian Landlord's Guide" is a good starting volume.Steve Cohen and George Dube's "Legal, Tax and Accounting Strategies for the Canadian Real Estate Investor" is a must-have overview of how you buy, own, and dispose of your real estate and the implications of different strategies.
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31 December 2018 | 3 replies
“Notice Of Sale” is published in Some legal publication/newspaper, and usually recorded......21-30 days before the sale, depending on the jurisdiction.
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1 January 2019 | 6 replies
Keep the paperwork clean, legally and also for taxes.
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21 August 2020 | 11 replies
If they don't vacate by January 2, serve the appropriate legal notices.
3 January 2019 | 5 replies
utm_source=newsletterYou can find a glossary of some acronyms here: https://www.biggerpockets.com/rei/real-estate-abbreviations/You might also want to read: The Ultimate Beginner’s Guide - https://assets2.biggerpockets.com/uploads/user_file/file_object/329/UBG_2018.pdf...actually the entire section: https://www.biggerpockets.com/guidesBP has a whole section dedicated to education and starting up - https://www.biggerpockets.com/intro-to-rei/overviewGet busy with the entire Education section on BP:https://www.biggerpockets.com/hubs/property-typeshttps://www.biggerpockets.com/hubs/financehttps://www.biggerpockets.com/hubs/strategyhttps://www.biggerpockets.com/hubs/finding-deals/analyze-dealshttps://www.biggerpockets.com/hubs/property-management (including TENANTS MAINTENANCE)https://www.biggerpockets.com/hubs/business-operations (and the sub section on REAL ESTATE MARKETING TOOLS & TECHNOLOGY TAXES & ACCOUNTING LEGAL TEAM)One way or another you will pay your "real estate tuition" - either in time, effort or money.
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11 January 2019 | 3 replies
Many members are experts in their respective fields related to real estate investing, whether that is real estate brokerage, wholesaling, flipping, buy and hold, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.There are some pretty cool discounts on various products and services offered as Perks to BP members that you might want to check out: https://www.biggerpockets.com/perks/pro
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1 January 2019 | 5 replies
IMO that's just as important, if not more important (arguably) than legal structure.
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9 January 2019 | 2 replies
An LLC is a legal entity that doesn't exist at the federal tax level.An LLC can be taxed as a Disregarded Entity, Partnership, S Corp, or C Corp based on number of members and elections made.An S Corp is a federal tax status (that many states also follow) that doesn't exist in the legal world.An LLC taxed as an S Corp vs a corporation taxed as an S Corp is the exact same at the federal level (there are potential state differences).
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1 January 2019 | 0 replies
From my business school days in college, I specifically remember learning that a legal contract is anything two parties agree on, including a hand shake, so I wasn’t too worried about it.