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8 February 2025 | 3 replies
The facilitator’s address was in a mobile home park, and the bank account could not be verified.Inconsistent Identification: Despite receiving a copy of Chris Anderson’s driver’s license, phone number tracing showed no connection to him.Incident 2: 2nd Financial Opinion ServicesThis entity appeared more sophisticated but was equally deceptive:Authentic-Looking Documentation: The LLC was legitimately registered in Missouri, with a seemingly professional website and clean background checks.Misleading Identification: After requesting proof of legitimacy, a passport with the supposed principal's photo and corporate documents from the State of Missouri were provided.
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4 February 2025 | 9 replies
I don't think that simply having an LLC would protect you from that Bubba the roofer.
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9 February 2025 | 12 replies
.- Cant do blanket loan as I own one of the houses in one llc and the other in another llc.Thank you for your help and I hope someone will have good options!
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2 February 2025 | 4 replies
My goal is to transfer both the deed and the mortgage to an LLC.
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4 February 2025 | 11 replies
Also, have you created an LLC in the US?
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21 February 2025 | 0 replies
For the first 10 houses (all residential single family homes), we would get a typical landlord insurance policy and our properties are owned in either my husband or my name (not through an LLC).
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12 February 2025 | 4 replies
This requires careful structuring and compliance with IRS rules.Installment Sales or Buyouts – Instead of distributing properties outright, investors can sell or buy out their respective shares over time, spreading out tax liability and reducing immediate capital gains impact.LLC Restructuring (State-Specific) – Converting the corporation into an LLC taxed as a partnership may allow for a more tax-efficient asset distribution.
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18 January 2025 | 5 replies
In general though, I would think that if this is a partnership LLC you could make a capital contribution in return for equity in the LLC.
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14 February 2025 | 2 replies
It is very expensive to miss filing dates, so file now.Remember, File ALL of your entities (Corp and LLC).Watch for updates on this.
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21 February 2025 | 26 replies
It's crucial to keep your personal finances separate from your LLCs and rental properties, and I strongly advise creating an LLC for each property that you work on.