All Forum Posts by: Doug Pintarch

Charlesa, you don't form an LLC "On a property", you form the Limited Liability Company as an entity to conduct business. You file Articles of Formation with the state, get a Federal EIN and a bank account. You would place the title to the purchased property in the LLC after closing (One way to do it).

1 Vote

Originally posted by @Michael Barnhart:

@Doug Pintarch haha probably not! I just realized the post was from 12 years ago!

;)

1 Vote

Originally posted by @Avery Carl:

@George Munoz it’s not Nashville specifically that is the problem, it’s that it’s a metro market. Travel to big metro areas has slowed which is why the OP’s friend isn’t booked.

Travel to regional, drivable, vacation-specific markets is booming post covid for 3 reasons:

1. People are dying to get out of their houses

2. They don’t want to get on a plane in a confined space with other people

3. They don’t want to go to big metro areas and get breathed on. The tourism market of Nashville is driven mostly by music and bars. So people don’t want to go right now.

So they choose markets that are within driving distance to take vacations.

This. Our 2 East Coast beach STR condo's are full into October, and then as usual spotty through December. By spotty I mean not booked full, a few long weekends here-and-there and a few mid-week stays in each. But we've been full to the rafters in both the last 2 months when we were allowed to open them again. Wish we had 2 more!

1 Vote

OK. I'll be outside picking dandelions and waving at individual butterflies as they flutter past. Have a great day everyone.

0 Votes

YIKES! That is indeed a huge number!

0 Votes

That's my second funniest, Joe!

0 Votes

Kristan have you made any phone calls to lenders yet? I would call a few locals and go in and sit down and show them your current pay stubs (I am assuming you are now a W2 employee with deductions taken from your checks). Explain your past self-employment. They will base affordability and DI on what you make NOW, not what you used to make. I think it's doable if you find the right lender and lay everything on the table.

Good Luck!

0 Votes

I thought it was funny, @Patti Robertson ! Lighten up folks!

Mine was "Magargle" (A male) That was his first name. :)

1 Vote

Originally posted by @Hitesh Garach:

I think I have read through all of the comments here(most at least) and I am not convinced that I need to stay away from Monica Main. I have fallen in love with her after going through her sales funnels and I believe she has a lot to teach us. I have ordered two of her books and read through one of them. Most likely I will invest in her Money Funnel System soon!

Stop it.

0 Votes

Originally posted by @John Steller:

@Thomas Tang can you provide proof? It sem that you are the only one!

Who has ONE post here and it's a ringing endorsement of a suspect program. Sure. Good luck to you Thomas.

2 Votes

All Forum Posts by: Doug Pintarch

Doug Pintarch has started 0 posts and replied 359 times.

Post: Putting property in an LLC

Post: First post for me.

Post: Did COVID just destroy the short-term rental market for good?

Post: What’s The Strangest Name You Have Seen?

Post: AIRBNB loses 400M in Q2

Post: What’s The Strangest Name You Have Seen?

Post: Looking for advice on qualifying for a no income check mortgage

Post: What’s The Strangest Name You Have Seen?

Post: MONICA MAIN Wealthy Heirss SCAM??????

Post: Jerry Norton programs ($10k finder fee - Powerflipper)