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9 October 2024 | 5 replies
What are common loan options when looking to purchase an out-of-state rental property under an LLC?
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12 October 2024 | 13 replies
I purchase my first property in 2019 in Dayton for $4k with $10k in rehab cost and immediately put it into an LLC.
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14 October 2024 | 22 replies
Are you using an LLC to buy all of these properties?
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14 October 2024 | 12 replies
I am in the process of creating a new LLC for this endeavor and hopefully will have that wrapped up soon.
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12 October 2024 | 7 replies
I suspect they drew you a flow cart and then your conversations went something like this: I need to transfer my properties to an LLC for anonymity.They are told they are not anonymous & that is not asset protectionBut I need it anyway for tax savings.They are told there’s no meaningful tax advantages But I can get non recourse debt because the LLC is the borrower.They are told they still have to personally guarantee the loanNo, I can get non recourse debt I read all about it.They are told yes, while that is true, the leverage is customarily low, applies to much larger CRE transactions and there are still carve outs.
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13 October 2024 | 4 replies
Quote from @Matthew Paul: 51 - 49 somebody has to be the bossOr do an LLC and appoint the most knowledgable (property/repairs) person as Manager.
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8 October 2024 | 10 replies
If it's a single-member LLC, I set them up myself.
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12 October 2024 | 0 replies
Private money Broker : Acquire REI Capital, LLC
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11 October 2024 | 8 replies
I found the new job the prospect was hired for (Provided me with a job letter stating the rate and date started as Sept 30) at the end of last month, shows that the LLC the prospect works for has been administratively dissolved a few months back.