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8 March 2024 | 4 replies
I had my buyer lined up and we did plan on selling the LLC from day one, so I gave it a fitting name that would compliment my buyers parent company which was Brown Bear Construction.
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9 March 2024 | 8 replies
I work remote mostly, and plan to stay that way.
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8 March 2024 | 4 replies
Ask a CPA or DM me for referralI agree the LLC is unnecessary if you're just managing this one property for them.A problem with this plan is that Hawaii State law requires an on-island contact.
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9 March 2024 | 18 replies
Many individuals use as a Plan B in the identification process; upon exit, they might find something else to exchange into.
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9 March 2024 | 261 replies
In the meantime, let me reassure you, I'm not about to plan a holiday in Juarez.
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8 March 2024 | 8 replies
For instance, while it can bolster initial cash flow by reducing tax liability, it could diminish deductions in subsequent years (when the property might produce better cashflow), impacting overall tax footprint, so you need to take into account all that in the context of your short term and long term tax strategy (e.g. if you plan on selling soon, at which time the depreciation gets recovered, or not and planning to hold for a long term/forever/1031, buying more later and creating more depreciation to offset cashflow or not, etc.).The alternative is a do-it-yourself (DIY) or survey option, which costs around $400 to $500 per property (I can do my CSS report in 10min, once I have all the data needed).
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8 March 2024 | 19 replies
@Bruce Woodruff I'm considering acting as GC on my own flips (mostly cosmetic) and plan to hire insured 1099 subs to do the majority of the work.
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8 March 2024 | 9 replies
I say new bc recently I regained a huge passion for real estate even though it had always been the end goal plan.
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8 March 2024 | 6 replies
I'm currently living in Boston, but plan on moving back to the Pittsburgh area in the next month.
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8 March 2024 | 14 replies
That will destroy refi plans.