26 November 2022 | 6 replies
Language may be barrier.Understanding the local laws may take timeTime differences may be a difficultyTaxes may be more difficult(Do you have to file a tax return in the foreign country?)
26 August 2022 | 1 reply
If not, I'd be willing to help an experienced investor do some book keeping or other errands in exchange for letting me be by their side for some deals that they close just so I get some experience with buying properties.
13 September 2022 | 10 replies
They also are available as recourse or non-recourse (at lower LTVs) and to foreign nationals. 3) Many investors switch to DSCR loans from conventional before they get 10 conventional loans...
23 July 2018 | 5 replies
I am not looking to buy in at too much equity initially (5-10% down) and possibly sell or 1031 exchange after some years.
25 June 2018 | 4 replies
Be honest and rate yourself from 1-10... if you're a 10 in marketing but a 4 in sales, instead of losing deals and higher spreads to "learn the ropes", you can max out on what you're good at, bring that value to the table and find a 10 in sales.This goes with everything among the business...We realized we sucked at initial calls so instead of getting better, we focused on hiring the best at initial calls, and this was one of our best hires. we went from 10 deals/month to 20 deals/ month almost by the next month after the hire.We did this again on the title side, and it freed up our work load to almost half it's size.Moral of the story provide value with what you are good at, value exchange and partner with someone, or hire people to fill the spots you aren't optimal in.Doing so allowed me to create a virtual wholesale system in other cities (right now we are looking for the best wholesalers in San Antonio to expand to also) by providing my value: prescreened high quality leads, to good wholesalers... we split 50/50 they get leads ready to sign, I take on the marketing and screening, they create the bigger spread than I could, I cover marketing costs, they get 50% equity split on leads that were free to them... that's a win-win-win... allowing us to expand to as many deals/month the experienced wholesaler can handle.
5 July 2018 | 3 replies
If your ok with that payout in exchange for the increase cashflow, then go for it.
8 August 2018 | 5 replies
If you use a NJ or other ”foreign” entity you would likely need to register to do business in the state.That doesn’t constitute legal advice but I’d be happy to refer you to my colleague here at my firm that handles LLC formation and partnership agreements if you want to send me a dIrect message, and he can advise as to risk and potential liability issues.Thanks,Cameron Carter
27 December 2018 | 34 replies
The basis of the original investment is increased by 10% if the investment in the qualified opportunity zone fund is held by the taxpayer for at least 5 years, and by an additional 5% if held for at least 7 years, excluding up to 15% of the original gain from taxation.A permanent exclusion from taxable income of capital gains from the sale or exchange of an investment in a qualified opportunity zone fund, if the investment is held for at least 10 years.
7 October 2018 | 24 replies
Nobody forces you to have an MA LLC for that if you dont do business there resp. you dont have to register as foreign (= out-of-state) LLC.
16 October 2018 | 4 replies
Try to find a mentor that will exchange education and experience for your manual labor.