All Forum Posts by: Megan Bridgette

@David H..  Did I hear you say that the EIDL is the first step in applying for the PPP? or do you file them separate? 

@Cory Binsfield Thank you so much for your replies.  One more question...Did I read on one of the applications that it asks you if you are applying for other relief?  So we are able to apply for both the PPP and the EIDL?  We have a Land Surveying company we own and we would be applying for the PPP but for that the EIDL, is that just for investment properties?

@Cory Binsfield Did you fill out both applications?

@Cory Binsfield When you applied did you have the option for the $10,000 advance? What website did you use to apply?

**Off market deal**$139,000***

I have a MHP in contract ready to assign.
Price $139,000
Park in Grand Rapids, OH
-Licensed for 24 sites.
-10 TOH, 9 POH
-2 Vacant lots, 3 not developed
-Lot rent $300/mo
-City water and a sewer plant.
-Electric and gas in owners name

Walmart 14 miles away
Toledo 20 min away

Toledo Population: 600k
Household Income-44k
Med. house price-99k

If anyone is interested please PM me.
*6% assignment fee will be added

Great question! I want to know the same thing. I listened to a podcast from Frank Rolf on Monday and still confused. I think he was saying... I would own LLC #1, which is the primary....that would own LLC #2 (entity with partners)...which would own LLC#3 (the actual MHP)....and then you also own LLC #4 (which is the management company)??????

I would love some clarification because that sounds so confusing. Also, do you own LLC #1 in Delaware or NV or in the state you live? Which for me is CA. Any advise would be greatly appreciated!!

@Liz C.,  @Quenton Mullins

Thank you so much for your input. I have already gotten my living trust out of the way a while ago, so Seth said he would discount my contract. He said it would cost me $7500. I talked to my CPA about Seth and what he has told. She is super confused and so am I. I am wondering if I should just keep it simple and find a lawyer here and set up my LLC's.

@Quenton Mullins,

Just wondering how it is going with Anderson group?  I just talked to Seth Perlman today too.  I want to know what your experience has been so far....Are you glad you did it? Has he made your life easier?  Do you feel safer?

Thanks!

Thank you for all your responses!  I will tell her to contact an attorney on Monday.  What a mess (and a good learning experience for me)!

Bummer!!!!  Thanks 

@John Thedford