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All Forum Posts by: Mark Stewart

Mark Stewart has started 2 posts and replied 3 times.

Buying & Selling Real Estate

Post: LLC vs Personal Accounts

Mark StewartPosted
  • Fullerton, CA
  • Posts 4
  • Votes 0

yes I agree. I've kept them separate for years, but this has me stumped. Any thoughts on this specific situation?

0 Votes
Buying & Selling Real Estate

Post: LLC vs Personal Accounts

Mark StewartPosted
  • Fullerton, CA
  • Posts 4
  • Votes 0

I'm selling a rental property I've had in an LLC for several years. In June, I deeded it back to myself in order to take advantage of a 1031 exchange and be able to use my earned income to qualify for the purchase on the back end of the exchange. In the meantime, I have a rehab invoice that needs to be paid before escrow closes on the 1st. Should I pay the rehab invoice with LLC funds or, since the property is now in my name, use my personal account?

0 Votes
Real Estate Deal Analysis & Advice

Post: Joint Venture - looking for answers

Mark StewartPosted
  • Fullerton, CA
  • Posts 4
  • Votes 0

I'm about to enter into a J. V. and was looking for all the possible pitfalls I should expect as well as all the possible safeguards I should insist on. The details - I would find the rehab and HML servicing for $75k and my return on equity would be $25-30k. What do you think?

0 Votes