Moises Salgado
How's it going?
1 May 2024 | 4 replies
This means that you will probably need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident.Any lawsuits should be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced, some debate as to SMLLC).
Nathan Gesner
Research Question - Red Flags when interviewing Property Managers?
30 April 2024 | 27 replies
That person answering the phone in the office should be professional and clear.
Eilon Shoham
Negative cash flow deal - Would you buy it?
1 May 2024 | 14 replies
For my personal portfolio I want to look back 10 years from now and be happy with the locations I decided to buy in.
Diana Mulvihill
STR Number of Beds, Opinions Please
1 May 2024 | 27 replies
I found the wear and tear and guests that wanted to use this as a 6 person were not what I was targeting.
Tyson Scheutze
The State of the Industry From an Expert's Perspective
29 April 2024 | 2 replies
A similar frenetic pace to the one that has captured the last couple of years of residential rental investment and development Nearly 20 years into my real estate career at this point, I can draw on that experience in order to have a much more measured approach to the business.
Amir J Reichental
Which address to use when buying a property under LLC?
30 April 2024 | 9 replies
Hey @Amir J Reichental, There are small pros and cons to this: Home Address:Pros:Privacy: Providing your home address keeps your personal information private, as it's not tied directly to your business.Convenience: If you're already receiving mail and other communications at your home address, it may be more convenient to keep everything in one place.Cons:Risk: Using your home address exposes it to potential risks associated with the property owned by the LLC, such as lawsuits or creditors targeting your personal assets.Tax Implications: Depending on your jurisdiction, using your home address could have tax implications, especially if you're claiming any tax benefits or deductions related to the property.LLC Address:Pros:Asset Protection: Using your LLC address helps separate your personal assets from your business assets, providing an extra layer of liability protection.Business Image: Using the LLC address for business-related documents can help establish credibility and professionalism for your company.Cons:Public Record: LLC addresses are often part of public records, which means they may be more accessible to anyone who wants to find information about your business.Mail Handling: If you don't have a physical presence at the LLC address, you'll need to ensure mail forwarding or a reliable method of receiving important documents.Ultimately, the decision depends on your specific circumstances and priorities.
Lisa Green
How do I build a duplex or triplex on vacant Land
1 May 2024 | 7 replies
If you cannot get your personal finances in order then I would not suggest building.
Dina Schmid
Furniture and Appliance Delivery to Rural/Difficult to Access Locations?
30 April 2024 | 12 replies
The one I mentioned in the original post was one we never even went and visited because the initial approach to the property scared me.
Neil Smith
Finding Off-Market Properties
29 April 2024 | 3 replies
Your script or simply guidelines for starting a call should be geared to solving a problem the seller may have . . . needs to sell, may want to sell but had not considered the options, etc.Best advice is to be honest with yourself as to what you are looking for - a flip, a buy-&-hold, a wholesale - and approach the seller with a sincere opening explaining who you are what you are bringing to the table.
Brendan Doherty'
What job should I consider to get into the real estate sphere
1 May 2024 | 2 replies
Jobs to consider include being a loan officer, a property checker/appraiser, an assistant to a property manager, a real estate agent, and a person who checks investments/underwriter.