It's OK to put up EMD from your personal funds, and then do a reimbursement from the LLC back to yourself when you get home, not a big deal, just document it and complete an LLC resolution regarding the purchase.

The foreclosure process will likely still have a bit to go through until resolution.

I was denied the expense but it was minimal.The equipt lease agreements were fully documented & she reviewed the MMLLC operating agreement & resolutions in detail.

Even though I always pay cash I finance the LLC's with another entity to strip any equity.She even wanted the books on the LLC's & resolutions approving said acquisitions & financing.

It does not apply and if there is any concern of power, the closing/title agent should ask for a corporate resolution to effect the sale.If you are selling the LLC, then the OA is relevant.

This year I made it my new years resolution that when I saw an opportunity and number numbers made sense that I was going to go for it.So, this week I closed on my first property, and I am looking to do more when it makes sense.Hope to learn a lot here.

Hi Sam - have a very similar situation with a house in Lake Worth, FL and was curious if you got a resolution/answer to this?

You can be the moderator and direct the meeting with all the complaints and resolutions.

Congrats on accomplishing your New Year Resolution :) As we all know - they are not that easy!

If there is no resolution soon, I will have my real estate attorney proceed with a case.