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All Forum Posts by: Michael Melchior

Michael Melchior has started 5 posts and replied 12 times.

say i bought a duplex to live in one side and rent out the other; Is there an tax advantages to this?

Post: first house, LLC

Michael MelchiorPosted
  • Arnold, MO
  • Posts 12
  • Votes 2

if i were to purchase with personal credit, could i then transfer title to my company?

Post: first house, LLC

Michael MelchiorPosted
  • Arnold, MO
  • Posts 12
  • Votes 2

If I start a LLC , will I be able to obtain a mortgage through the LLC , although there is no established credit yet?

Post: IRA

Michael MelchiorPosted
  • Arnold, MO
  • Posts 12
  • Votes 2

no such thing as a stupid question right? In that case: say I wanted to purchase real estate  with my ira, would I have to have 100 percent equity? If not, what credit would the mortgage be based from?

Post: IRA

Michael MelchiorPosted
  • Arnold, MO
  • Posts 12
  • Votes 2

Can anyone explain how purchasing real estate with your ira(or roth ira) works?

Post: Incorporating

Michael MelchiorPosted
  • Arnold, MO
  • Posts 12
  • Votes 2

helps a lot thanks jeff. 

Post: Incorporating

Michael MelchiorPosted
  • Arnold, MO
  • Posts 12
  • Votes 2

I've filed my articles of organization with the secretary of state. What would the next step be? Opening a bank account with my ein? Is there still more filling to do for my llc?

Post: Leasing with an option

Michael MelchiorPosted
  • Arnold, MO
  • Posts 12
  • Votes 2

@Vince Mayer I would appreciate to have some time with you to talk about investing but I have to warn you,  I am very green 

Post: Leasing with an option

Michael MelchiorPosted
  • Arnold, MO
  • Posts 12
  • Votes 2

And what's the opinion on the South city area

Post: Leasing with an option

Michael MelchiorPosted
  • Arnold, MO
  • Posts 12
  • Votes 2

@Vince Mayer I have looked into that, but how difficult do you think it would be to find a deal like that in our area?