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18 March 2024 | 9 replies
I’ve been doing my due diligence for over a year now and I’ve finally come to the point where I need to pull the trigger.
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18 March 2024 | 8 replies
Most investors are doing LLCs from my experience... but that doesnt mean you have to. there are some liability protections with LLC, along with a little anonymity if set up right. but also some added costs. one suggestion here is just whatever you decide, stick to it. some counties will see a transfer between personal/ LLC or vice a versa as a 'sale' and trigger property tax reassessment.
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18 March 2024 | 2 replies
I think the biggest thing I learned from this is not to pull the trigger too fast on buying a house.
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18 March 2024 | 6 replies
This is throwing money away for the most part as they will charge for their time if they have a lot of business.It is more common to have a GC walk a property before you go under contract, but the good ones will stop answering your calls if you never pull the trigger.
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22 March 2024 | 132 replies
Talking about a potential conflict of interest and credibility issues, I actually saw a post you made 6 months ago (https://www.biggerpockets.com/...) where you wrote: "I know that there are many more people I've helped who haven't pulled the trigger even though they wanted to.
17 March 2024 | 2 replies
@Ven Reddy, I'm curious if you pulled the trigger on this.
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18 March 2024 | 24 replies
Being able to pull the trigger once the numbers make sense is a skill and being indecisive will be a big hindrance on growing...I personally won't work with clients that are gun shy on pulling the trigger.
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17 March 2024 | 16 replies
I don't know how they do things in NC in regard to property taxes, but where I am from, moving a property to an LLC would trigger a property tax reassessment.
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20 March 2024 | 193 replies
That being said, what you are describing is about the DOS (due-on-sale) clause, and the fact that operating the transfer into a trust is not triggering the DOS.
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16 March 2024 | 4 replies
Hey @Patrick Murray, so you didn't know the codes regarding this sort of unit before you pulled the trigger?