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14 June 2024 | 13 replies
Me as the Managing Partner shall have full and sole authority and responsibility for managing and operating the business of buying, flipping, and renting of real estate properties.He as the Silent Partner shall not participate in the day-to-day management or decision-making of the business of buying, flipping, and renting of real estate properties.My question is, when establishing my LLC to buy the property do I have to add him as a member of the LLC in the certificate of formation?
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15 June 2024 | 7 replies
If they won't provide you that, just assume very high on everything and lower your buying price.
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16 June 2024 | 33 replies
I figure we save 5 to 10k per year if I had to buy a room or rent an airbnb..
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15 June 2024 | 6 replies
This should be a serious wakeup call for those looking to buy a STR in Las Vegas.
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12 June 2024 | 10 replies
This is our current plan:- Buy 8+ unit complex (how do we decide how many units is too many??
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16 June 2024 | 14 replies
When I first went through the course I established my buy box based and followed his underwriting techniques.
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15 June 2024 | 10 replies
You can roll it to a self-directed IRA (SDIRA) and buy real estate or privately lend, but you couldn't do that with your personal rental otherwise you would blow your IRA up. 6.5% right now is a great rate...it's lower than what you can get a 30-year fixed owner-occupied home for.
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14 June 2024 | 1 reply
There are some VERY specialized strategies that can get around the problem, but they require buying out the former owner or one of the heirs.
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11 June 2024 | 12 replies
I currently live in Las Vegas, where my current properties were acquired using a buy-and-hold strategy with a conventional 25% down payment.
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15 June 2024 | 17 replies
pretty interesting, but you goes thru the whole buying process and talks about financing and woring with agents.