28 04, 2019

How Much Insurance Should A Homeowner Have?

2019-05-19T11:54:55-04:00April 28th, 2019|Categories: Flipping, Florida, Georgia, Hard Money, Home Improvements, Home Upgrades, Investment, Investment Properties, Investments, Lawyers, Rehab Loans|Tags: , , , |

If you're living in a house you intend to flip, do you know how much insurance you should have as a homeowner? Obviously, you will need enough homeowners insurance to replace the home if it were destroyed in a fire or a hurricane, but what else do you need? Make sure that your belongings are also covered. Your belongings like jewelry, clothing, art, and other items might cost more to replace than a standard homeowners insurance would cover. This is not including any updates you've already made to the home like granite countertops or new appliances. Be sure to take

13 08, 2018

With An Out-Of-State LLC, You’ll Need A Registered Agent

2018-08-13T18:28:29-04:00August 13th, 2018|Categories: Business, Investing, Investment, Investment Properties, Investments, Lawyers, Real Estate, Taxes|

If you live in a state that is a bit unfriendly to small businesses, you might have considered just forming your LLC in a state that isn't. Investors do this frequently. Here's the thing though: If you intend to form your LLC in a state that is more friendly to small businesses like small real estate investment companies, you will need a registered agent. That's your legal obligation. What does that mean? Well, if your LLC is registered in another state, you have to have someone in that state to handle all of your LLC's legal and tax documents, and

8 07, 2018

How You Can Use A Section 1031 Exchange To Defer Taxes Indefinitely

2018-07-08T21:28:03-04:00July 8th, 2018|Categories: Investing, Investment, Investment Properties, Lawyers, Taxes|Tags: , , |

Real estate investors can use IRC Section 1031 to postpone paying tax on the gain if they reinvest the proceeds in a similar property. This doesn't mean that it's tax-free, but it does postpone the tax. Plus, they can defer indefinitely if they're smart about it. Real estate investors use this to grow their portfolios and increase the actual return on investment. To do this you'll need to know all the details of the Section 1031 code though, and should consult with an expert.  Here's the thing: Too many people assume that they can't use Section 1031 because they think

6 11, 2015

Do You Need a Lawyer for Real Estate Investing?

2015-11-06T15:16:59-05:00November 6th, 2015|Categories: Hard Money, Investment, Lawyers, Real Estate|

The jury is still out, so to speak, on whether you should hire a lawyer to buy an investment property or you can work the deal between you and your real estate agent. If you ask a dozen different real estate investors, you’ll probably get a dozen different answers. The fact is that there’s no one-size-fits-all answer. You’ll have to weigh the benefits on your own. Should You Hire a Lawyer to Buy an Investment Property? It’s often a good idea to have an attorney look over your paperwork. That’s true whether you’re about to sign a real estate contract

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