Project Cashflow:
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Potential hotspots for rental property: Indianapolis, IN; Bakersfield, CA; Jacksonville, FL, parts of Mississippi - possibly Jackson, Memphis Tennessee, Hawaii.. more info to follow. Note that these are in no specific order.
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EIN Setup for after you've formed an LLC
free sample QUIT CLAIM DEED
https://www.rocketlawyer.com/secure/interview/questions.aspx?document=8746939#q1
Use this form to transfer a property from one entity to another, such as the newly formed LLC |
LLC - You'll need an OPERATING AGREEMENT
This is a personal form you keep on record - best to keep with all your other documents that pertain to your business in a specific file or folder. The operating agreement is an agreement that explains exactly what EVERY PERSON'S involvement in the business is.
This form is constantly changing and/or being added to as the business is alive.
In the agreement it explains for EACH PERSON, how they act or are involved in the business FINANCIALLY, MANAGERIALLY, and their DUTIES (those 3 things for each individual are required) even if one individual is utilized in the business, such as a contractor or client for a brief period of time.
This form is constantly changing and/or being added to as the business is alive.
In the agreement it explains for EACH PERSON, how they act or are involved in the business FINANCIALLY, MANAGERIALLY, and their DUTIES (those 3 things for each individual are required) even if one individual is utilized in the business, such as a contractor or client for a brief period of time.
you'll need an EIN
EIN is your Employer Identification Number
According to NEVADA.GOV:
A Federal Identification Number (FID), also known as a Employer Identification Number (EIN) is issued by the Internal Revenue Service and is used to identify a business entity. To obtain a Federal Tax ID please visit the IRS web site.
According to NEVADA.GOV:
A Federal Identification Number (FID), also known as a Employer Identification Number (EIN) is issued by the Internal Revenue Service and is used to identify a business entity. To obtain a Federal Tax ID please visit the IRS web site.
PO BOX WITH SUITE and BANK ACCOUNT
For the state that you are INCORPORATED WITHIN you should set up a PO BOX with a SUITE attached to it and have the mail forwarded to the address which you work out of. ALSO, you should set up a bank account within that STATE, which can be established online or by calling the bank.
The registered agent with the company corporation will only forward mail from secretary of state unless you set up a seperate mail forwarding service.
This website claims to offer REGISTERED AGENTS for NEVADA for $59/yr
http://www.registeredagents.com/nevada-registered-agents.html?gclid=CKKZ0KyiurACFaUZQgodIltbnQ
The registered agent with the company corporation will only forward mail from secretary of state unless you set up a seperate mail forwarding service.
This website claims to offer REGISTERED AGENTS for NEVADA for $59/yr
http://www.registeredagents.com/nevada-registered-agents.html?gclid=CKKZ0KyiurACFaUZQgodIltbnQ
Project ***** IRELAND † TACOMA † SPRUCE *****
IRELAND
3816 Ireland, Dr. Indianapolis, IN 46235
How much are we looking at to take 3816, clean it up, SPRUCE it up and make it look like 3912?
if 3816 is a 3/2 w/ 1464 sqft w/ LP @ $22k
and 3912 is a 2/2 w/ apparently less sqft and valued at $47k
How much are we looking at to take 3816, clean it up, SPRUCE it up and make it look like 3912?
if 3816 is a 3/2 w/ 1464 sqft w/ LP @ $22k
and 3912 is a 2/2 w/ apparently less sqft and valued at $47k
Unforeseen Expenses:
Calculating OCCUPANCY RATE
Pull Taxes > Indianapolis
View Parcel History / Data
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Calculating REPAIRS
Cash on Cash Analysis
Useful Books
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