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Hello! I’m looking for information on obtaining a LLC for my rental property. I currently own 1, 3 family and planning on buying another in the upcoming months. I want to obtain a LLC so I can start using business cr...
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Research reveals across America you’ll find 3,000 counties and approximately 1,450 municipalities, they are all tax districts with the authority to collect taxes. Tax revenues, they collect is needed to fund schools, ...
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Hello all, Just curious as in the first couple of steps to start focusing on when it comes to developing a business plan for vacation rentals? I know that the RE attorney is a must but other than a attorney what are s...
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Step 1: Evaluate the Sponsor Team - Your Pilots:
Just as the pilot is crucial for a safe and efficient flight, the sponsorship team plays a vital role in your investment journey. A great deal can crumble with a bad...
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I've been proposed a Class B multifamily building in a desirable area with low inventory. Below are the numbers.9 Units( all one bedrooms ) ( 625sqft )2 units= $880, 2 units= $800, 2 units= $725, 1 unit= $845, 1 unit=...
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Hello Everyone,I've noticed that the forums for the NYC market are surprisingly sparse, but I'm assuming that's due to the level of difficulty associated with breaking into the market here. I'd like to generate discus...
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Context: Seller is a foreigner to the US and special tax withholding must take place via FIRPTA/HARPTA. In the offer, the seller is requesting that we add this term to the contract:Request: “Buyers authorize Escrow to...
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Thanks Theo Hicks for this amazing blog post.
In our recent interview with @Slocomb Reed and Phil, we looked at the importance of real estate investing and tax planning. If you use tax mitigation techniques like cost...
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I went in on a 4 bedroom single-family home with another person. We rehabbed it, and tried to sell it, but the market just isn't there. So we're going to rent it out for $1500/month.
Contributions toward purchase a...
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So my husband and I have enough to put 25% down on a lake house that is about an hour and a half away from where we currently live. We have four other rental properties right now (just for background). My question has...