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21 October 2021 | 1 reply
I've gotten to the point where I think it's best to have someone else handle the tax side of things - we are starting to get a little complicated, and will only get worse from here on out lol.I've previously taken care of everything myself when it was only 1 or 2 doors, operating as a sole prop, but now I have enough properties and have been doing a decent amount of reno/rehab to warrant 1099s going out and all that jazz - I figured it was time to find someone well versed who can handle such things instead.Any recomendations folks?
23 October 2021 | 7 replies
It's not terribly difficult to pierce the corporate veil, if you don't operate in a very consistent professional and totally separated from your personal finances manner.
28 October 2021 | 3 replies
As long as you are the operator, the syndication attorney you use would largely be the same as a fund attorney since he will be under the 1933 SEC Act for both.
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17 February 2022 | 3 replies
Looking to see if anyone has had any luck finding financing for an established assisted living facility (real property w/ separate partnership with operator to run day to day).
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25 October 2021 | 6 replies
Landlords mistakenly ASSUME all PMCs offer the exact same services and operate the exact same way, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services.This also leads them to ASSUME simpler is better when it comes to management contracts.
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25 October 2021 | 84 replies
At that point you get go back to marketable securities (retail garbage) and live pretty comfortably flying first class.For me its transitioning to stabilized lighter value add apartments as a LP (letting the young proven operators work for me) and NNN, and non correlated investments like infinite banking, life settlements, and IULs.
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25 January 2022 | 9 replies
I operate mainly in New Jersey but happy to connect with anyone investing anywhere.
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30 October 2021 | 45 replies
Selling would allow a flip project to operate with less risk of financial stress.
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22 October 2021 | 5 replies
Landlords mistakenly ASSUME all PMCs offer the exact same services and operate the exact same way, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services.This also leads them to ASSUME simpler is better when it comes to management contracts.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/246744/small_1621435977-avatar-icehaze.jpg?twic=v1/output=image&v=2)
22 October 2021 | 3 replies
Its cheap to start an LLC. if the property is in your personal name and want it in your llc, you will have to transfer it to the llc (transfer costs). as soon as you have your formation docs, operating agreement and EIN number you can open the bank account.