A couple days ago one of our ADPI members asked the group, “Not sure if I should put my rental properties in an LLC or an S Corp. Any advice? Such a great question, and so important you understand why we NEVER EVER hold rentals in an S-Corp. So, I’ve
Embarking on the real estate investment path has been a rollercoaster, and today, I’m laying it all bare. I’m Markian Sich, CEO, and founder of ActiveDuty Passive Income, and I want to share the invaluable lessons I’ve gained from the three major missteps that significantly impacted my real estate ventures.
Imagine a scenario where your rental property becomes the epicenter of a legal dispute, or worse, a tenant files a lawsuit against you. Your personal assets—your home, your car, your savings—could all be at risk. The mere thought is unsettling, isn’t it? But what if there was a safety net?
Learning about property taxes will free up time for you to focus on other important factors when you purchase a home. Buying a house is a significant decision and a substantial financial commitment, but the price tag is only the beginning. What if I told you that the initial cost
Risk Tolerance in real estate is an important factor to consider when you are looking to start from scratch or further your real estate investments. Hello, fellow real estate investors! Today, we will be discussing an essential topic for any successful career in real estate: risk tolerance. As you plan
Here’s how I find Private Lenders… 1. I post on Facebook about what I’m doing in REI. Only some of the time. It doesn’t have to be “live” or with your face, but those DO get more responses- even just something about the webinar I just attended or a
Written by: NCH If you’re self-employed, or if you’re paying someone that’s self-employed, you need to be aware of the rules for issuing 1099’s. The IRS has established guidelines for reporting various income that is not reported on the standard W2 Forms. There are 21 different 1099’s that can be
So you can not only use credit cards to leverage bonus rewards, but to increase your credit score above 800 and keep it that way! Disclosure: this is not financial advice! I will be offering insight from my research and personal experience. Some of the recommendations I make might in
There’s been some discussion about umbrella insurance policies in the ADPI Facebook group, but many people don’t realize that an umbrella policy exists or is a viable option. Let’s discuss the advantages of these policies and how you can determine whether you need one. What is an Umbrella Insurance Policy?
All people just starting out in the rental property investment might be struggling greatly with the maintenance of their properties. Property maintenance is crucial for profit because it ensures your investment attracts quality tenants, reaches good prices and allows you to expand your business. In order to maintain your property
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