All Forum Posts by: Scott Mac

In my home I have no guest bedrooms.

I have a nice office and a nice home gym.

Although I do know someone who has guest bedrooms and uses them mainly for in laws visiting from out of town.

I've also seen the extra space used to make a toy train set up for HO gage trains. 

 Just my 2 cents.

As far as the business card is concerned, to me personally I think having both things on one business card is acceptable . 

Good job!!!

[1]   Why do you think this particular unit drew the record price?

[2]   Do you know if the buyer is going to owner occupy or is it an intended rental?

Maybe the infrastructure, electrical grid, water sewer, pavement thickness on the roads, cannot handle the extra people in the area.

Can you cluster it and get them to approve retail zoning for strip malls and fast food?

Can the staff force you to do that or hold you up in some way?

What are they asking you to put in instead, a park, basketball hoops, a skating rink, a police station maybe.

It might depend on what state the assets are in, and what state the entity structures in.

If you own several apartment buildings your best interest might be to speak with a asset protection attorney versus asking questions online of just anyone who might respond.

Good Luck!

Safety - Inherit a fully paid for SFH, in decent condition, in the neighborhood you live in, and rent it out to long term tenants who you are comfortable with.

Stack up the cash flow and dip into that as needed to support the asset.

Let the money stack up until you either want to buy another SFH and do the same thing, or decide to spend it on a Ferrari.

Just my 2 cents.

So if a disgruntled partner files an IRS-8082.

Are you saying that the IRS-1065 Is going to be pulled into an audit, or will just the disgruntled partners IRS-1040 be pulled in for the audit?

Good Luck!

I don't see how you could be an investor in real estate unless you own the real estate.

Unless maybe you have an option on the purchase of the real estate or something.

As a business owner you might want to consider yourself to be an entrepreneur, or a Franchisee.

Just my 2 cents.