Do I need an operating agreement for my Florida LLC?
Most companies in Florida are limited liability companies (LLCs), so the question often arises as to whether these entities really need an operating agreement. This article is not intended to provide legal advice or to form an attorney-client relationship; is intended solely to provide general information on this important and profoundly impactful topic. By way […]
Ten ways to lose money on real estate notes
While investing in unprofitable real estate notes, or NPNs for short, can be a great way to get assured returns above average compared to the roller coaster stock market or 1% on a CD. Although like all investments, there is no guarantee that you will make money. In reality, if you are not careful, you […]
Top Five Qualities of a Good General Contractor
What Makes a Good General Contractor? For starters, we should probably break down what a general contract does. Their scope of work includes organizing all subcontractors, or people who perform specific jobs during the construction or remodeling process, such as the window fitting company, painters, tile copmanies, and more. Your job is to keep your […]
Real estate agent phobia
Somehow, in the world of buying and selling, there are few people who seem to have more power than they think they have. These people include bank loan officers, police officers and, believe it or not, real estate agents. There are some home buyers who are afraid to call the number on the outside of […]
Alternatives to investing in real estate
More and more people are realizing that now might be the perfect time to start getting into the business of investing in real estate. Typically this consists of taking old or dilapidated properties that will not be sold and fixing them up so that they can be listed and sold effectively. Since buyers are even […]
Living Trusts: The Most Important Estate Planning Tool
A living trust is a legal instrument that holds title to the personal assets of a person or family, including bank accounts, real estate, LLC and stock interests, etc. Like a will, a living trust contains your instructions for the distribution of all your assets after your death. One main difference between a will and […]
Echo Park Real Estate: A Look at the Numbers
Since the early days of Los Angeles, people have wanted to live in the historic neighborhoods of NELA. In a densely populated area where residents are always in the process of coming and going, there are always houses for sale in Echo Park at any given time. Since the early 1920s, real estate here has […]
How to buy a home with back taxes, very cheap, without competition
Therefore, you are looking for a smarter way to buy property, whether it is to live or to invest. Congratulations. If you are reading this article, it means that you have gone from the “think” phase to the “do” phase, and most people never go that far. There are plenty of offers available, if you’re […]
FASB Proposed Lease Accounting Changes – Impacts on Commercial Real Estate
Introduction: The Financial Accounting Standards Board (FASB) on August 17, 2010 published its “exposure draft” that requires companies to record nearly all leases on their balance sheets as a “right of use” asset and the corresponding ” future lease payment – liability “. . What does this mean for your business in simple terms? In […]
How to determine the value of my home
Whenever you sell something, it is natural that you want to get a good price. This is especially true when selling a home, as it is generally the largest investment you will ever make. However, since real estate prices can vary greatly based on a number of factors, such as the state of the nation’s […]