Understanding BOI Reporting: What Property Owners Need to Know
Beginning January 1, 2024, the Corporate Transparency Act requires certain businesses, including LLCs, to report their Beneficial Ownership Information (BOI) to the Financial Crimes Enforcement Network (FinCEN). The goal is to prevent money laundering, fraud, and other illegal activities by ensuring transparency in who ultimately owns and controls companies.
What are the Benefits of Investing in Multi-Family Properties?
Are you ready to enhance and elevate your investment portfolio? Look no further than multi-family real estate. With its unique blend of stability, scalability, and profitability, multi-family properties offer a wealth-building opportunity like no other.
What is a 1031 Exchange?
A 1031 exchange, named after Section 1031 of the Internal Revenue Code (IRC), is a tax-deferred exchange that allows an investor to sell a property and reinvest the proceeds into a similar "like-kind" property without immediately recognizing capital gains taxes.
What is a 2-1 Buy Down?
In a challenging real estate market, innovative and motivated sellers look for opportunities to incentivize buyers. When a seller buys down the mortgage interest rate for the buyer for one, two or three years, it makes a huge difference in reducing their monthly payment as they settle into the new home.
Learn from our EXPERIENCE.
When you decide it’s time to sell your rental property, there are two main courses of action you can take as a property owner: waiting for the lease to expire before selling OR selling while your tenants are still living in the home. There are benefits and drawbacks to both options.