Originally posted by "Investment Loans":Shouldnt be an issue if you've got a high enough credit score.Or other compensating factors...Regards,Scott Miller

Or work on some basis with a loan broker for compensation.

Being an "active" investor versus a "passive" investor, which is where the 750 hour mark comes from, will allow you to carry over losses in real estate to compensate for other gains.

i am looking to set up an LLC owned by my Roth IRA. i would like to find someone who can give me a legal opinion on having debt within the LLC, without having to pay taxes on profit, and compensation within the LLC.thanksjim

I hope when you brokers are doubling the prices charged to owners that you are disclosing to the owner the fact that you are getting compensated.

If anything in these situations I just raise the rent to compensate for the extra person.

Many states won't allow a licensed broker to accept compensation for ancillary services (legal, loan brokers, home inspections, etc.)

I'm a member and also the LLC's manager but I'm not taking compensation for that role.The note came from the seller.

I was far more aggravated and less compensated during my years in the corporate world.

What you lack in technical or legal expertise can more than be compensated by offering to be helpful.For example, keep a list of handymen, tradesmen and contractors that can fix problems.