Account Closed
PM needs ss#
22 January 2025 | 14 replies
- Of course, most of these PMCs weren't even properly licensed and were typically one-person companies.If you have an LLC, the PMC will only need the LLCs EIN.- If you chose to set up your LLC as a pass-thru entity, then you will need to supply your SSN.FYI - to avoid getting nasty letters from the IRS about errors (which might cause us to be audited), we will ask for a copy of your EIN assignment letter or a copy of your SSN card to confirm those numbers.
Michael Magno
RAD Diversified Lending out of Baltimore?
29 January 2025 | 8 replies
The bottom of their webpage says Rad Diversified Capital LLC.
Daniel Madhavapallil
House Hacking and Tax Strategies
23 January 2025 | 11 replies
You do not need to have it under an LLC to take depreciation, the LLC's purpose is to protect your personal assets should you get sued.
Jacqueline Wright
Ready to Dive into My First REI Purchase—Auction Property with Hard Money or DSCR? An
23 January 2025 | 3 replies
The property will be strictly for investment purposes, not a primary residence.I’ve been looking into two potential financing options:Hard Money Lenders (HML) – I’m drawn to this option for its speed in closing, but I know the rates can be higher.DSCR Loans – This seems like a great option for long-term rentals, but I’m unsure if it’s the right fit for my auction property since it might need some rehabbing.I’m also considering purchasing through a land trust or an LLC to add a layer of protection and privacy.So, my questions are:What’s the best way to approach financing for auction properties?
John Burtle
Building my first spec home!
22 January 2025 | 28 replies
Just have some build series videos up right now but will start some more informational content around build management and investment very soon (working on it now).
Edward Segaar
Private equity lending
16 January 2025 | 1 reply
If it's a QM you won't be able to close in a business entity like a LLC, although in some cases you can transfer into an LLC after closing.
Jacob Havlovick
Duplex House Hack
22 January 2025 | 8 replies
I regretted making the LLC's and ended up going to just liability insurance with what I had.
Chris Seveney
Transferring Properties out of LLC Question
27 December 2024 | 3 replies
I have bank accounts for every LLC, so if I'm shutting down an LLC, I'm also shutting down the bank account and moving the money out.
Lucas Bernard
(Fun with) Nashville NOOSTR Zoning & LLC Transfers
28 December 2024 | 5 replies
Verify with the city.Personally it makes no sense that an LLC would be able to operate without being onsite when it is required.The only thing that sticks out is the grandfathered in statement.