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20 October 2024 | 3 replies
I'm furious at this point, not only for the financial loss but also for hours upon hours of wasted time and running in circles.So here is the entire point of my post and ultimately my question; In clear language on our executed contract, I have included "X LLC reserves the right to file an affidavit of memorandum on the property."
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18 October 2024 | 6 replies
My P&L from QBO has the properties listed under each LLC.
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19 October 2024 | 4 replies
For starters, the prospect passes our 3.5x income requirement, has a 700+ credit score but a few things that I seem to have trouble with is the management company that was on the application, I wasn't able to find any viable information through regular web searches, but through the Business public record I found an LLC to this management company which I found was created 5 months ago.
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18 October 2024 | 6 replies
@Stuart UdisYou forgot to have the Wyoming LLC owned by a Delaware holding company that has the asset then put into a land trust.Then seek 100% financing because you are broke from spending $10,000 setting up this corporate structure to protect the zero assets you have.
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20 October 2024 | 14 replies
Thanks in advance. 90% LTV product cash out is for primary residence and has no monthly MI pricing is about 1-1.375% higher than conventional going pricing so there is a slight premium for it but it is 30 year fixed and available for those who need the money compared to other options available.You can always transfer to LLC later on once you've seasoned your payment history on the loan for 6+ months to be safe.
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14 October 2024 | 2 replies
For anyone who may have insight, I am curious if there are benefits that outweigh disadvantages or vise versa to obtaining an LLC when specializing in Wholesale.
13 October 2024 | 9 replies
LLC is mainly about liability protection.
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13 October 2024 | 2 replies
I have a lower priced 4 unit ($265k value) that is held in an LLC and am currently paying $2200 a year on it.
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18 October 2024 | 2 replies
However, once you move out and rent both units, forming an LLC might be worth looking into for liability protection.2️⃣ Zoning concerns?
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13 October 2024 | 2 replies
Hi everyone,I have a unique situation wherein we placed 3 properties (all located in maryland, baltimore city) into an S corp and looking to transfer at least 2 of the properties out of the LLC into a multi-member LLC partnership.1) are we subject to transfer taxes or fees for the transferring?