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11 February 2024 | 30 replies
Beneficial ownership reporting is a requirement from the Financial Crimes Enforcement Network (FinCEN).
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12 February 2024 | 3 replies
I have some property’s I’ve acquired through house hacking and traditional financing but want to try something that doesn’t require a saving for a downpayment for each purchase.
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12 February 2024 | 10 replies
The house had previously a garage but it got converted to a bed room and an adjoining office room and also it satisfies all city requirements.
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12 February 2024 | 31 replies
These require a larger investment in time or money.
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12 February 2024 | 6 replies
Some of those platform/partners require 50 properties minimum.
12 February 2024 | 14 replies
I recommend you do this off platform because FF is clunky and slow and there are no penalties for doing so, unlike Airbnb- if it's a good fit for both of you, you proceed with whatever your process is (usually this will be an application, background check, lease, deposit)I say all this just to show that yes, it's cheap to list it there and in my experience it is VERY effective, but it requires legwork and follow up on your part.
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12 February 2024 | 9 replies
Your property in the Lake Park community offers a significant opportunity (I've had rentals there in the past I off-loaded), especially in the current Raleigh market which is witnessing strong demand for properties like yours.By selling now, you could capitalize on the equity you've built to reinvest in properties that better align with your investment strategy and require less hands-on management.
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12 February 2024 | 20 replies
It would be a better investment of your resources to get improved coverage on the "proper insurance" you have, including an umbrella policy that covers all of your properties.I have heard of some of my acquaintances set up land trusts within LLCs to help with anonymity, but they are cumbersome and require a fair amount of money/experience to set them up.
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11 February 2024 | 2 replies
This family member is also approaching the age for required minimum distributions (RMDs) from retirement accounts, adding another layer of financial planning to consider.The PlanMy lender has indicated a need for approximately 30% equity in the deal for construction financing, urging a strategy that keeps the balance sheet lean at acquisition.
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12 February 2024 | 2 replies
This means I may owe US income tax on those proceeds, even though I am paying the required Kenyan taxes on the same rental income.