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Common mistakes made with investment properties
Owning real estate investment properties is often lucrative. But, real estate investments, whether vacation rentals, long-term rentals, or “fix and flips”, can be disastrous if the investor fails to utilize an entity and/or fails to utilize an entity in the correct fashion. Indeed, it is critical that investors structure their investment real estate, whether through an LLC, a limited partnership, or other entity, to minimize personal liability. And, no matter the structure, investors with entities must avoid the following mistakes: READ ALSO: 5 things to know when investing in real estate in Arizona 1. Failing to Transfer an Existing Property, Via Deed, to the Real Estate Entity. Upon forming an entity,…
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5 Common Mistakes You Might Make Renovating Your House
No a single needs to expend time and cash on a household renovation only to be upset with the outcomes. So right before you swing a sledgehammer (or enable any person else to), use the setting up levels to thoroughly ponder what you want—and what you don’t. To support steer you in the correct direction, here are some prevalent problems folks make when renovating their home. Heed this list to stay away from a great number of problems, mini dollars pits, and deep regrets after the dust has cleared and you’re settled in your new area. 1. Picking styles that are too fashionable When first delving into the planning phases…
