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26 June 2024 | 18 replies
So I used the company he suggested in his videos: Prime Corporate Services; I paid them and they set me up with 2 separate LLC’s; one in WY for anonymity and one in PA where I reside, but besides that I know nothing of what I’m dealing with and from what I’ve seen on these threads is that I screwed myself and just made my life more difficult.
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25 June 2024 | 10 replies
Further north:- Sacramento gets a lot of corporate people traveling there.
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25 June 2024 | 1 reply
They typically involve two agreements: a lease agreement that outlines the terms of the lease (rent, responsibilities, etc.) and an option agreement that grants the tenant the right (but not the obligation) to purchase the property within a specified period at a predetermined price.Negotiation Power: Lease options can be attractive to tenants who may want to secure a property for their business while potentially benefiting from any appreciation in property value.
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26 June 2024 | 19 replies
It's not a good sign, but wouldn't be disqualifying for me. it does let you know that the applicant is comfortable refusing to pay an obligation.
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25 June 2024 | 19 replies
The Guarantor agrees to be personally liable under the terms and obligations of the Debtor in this Agreement.Borrower's Known Assets: Home in Florida with 300K+ in equity, bitcoin in wallet $500K, 401K $500K+, two small businesses (equity unknown).I hope this is enough info to get the conversation started.
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2 July 2024 | 108 replies
A direct buyer does not have any obligation other than letting the seller know that they do possess a real estate license if they do because then it is not arm's length.Once a wholesaler is involved, they are making representations to the seller about the deal they will help them get.
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28 June 2024 | 41 replies
From the `1031 perspective only the contribution of a previously exchanged into an LLC or other corporate structure does not have to create a taxable event - particularly if you're simply creating a disregarded single member LLC.
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26 June 2024 | 11 replies
Unless you choose to have the LLC taxed as a corporation, the income and deductions (including depreciation) flow through to the LLC's owner(s).Second, you can invest the inherited IRA as a self-directed IRA, even though you are not the decedent's spouse.
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27 June 2024 | 41 replies
Now that from May we are entering October and this morning I get an email from Ross that Citrona Homes is not under any obligation of management and if I am unhappy I can move my management and that units are not guaranteed, ROI is not guaranteed and rehab may go until end of October, again nothing confirmed..........where as when they sold me the properties they had a total different scenario.
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27 June 2024 | 62 replies
Any business or corporate entity looking to execute residential projects on a certain scale (which is sort of a regulated activity) either has to obtain a license (for the entity) or contract/retain a general contractor.