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29 March 2024 | 17 replies
Each lender will have their own criteria but here are some tips for getting funding as an LLC…Lenders will often require these documents: Employer ID number (EIN)Your LLC’s operating agreement (the most important part is the list of owners and their percentage of ownership)Income documentation for the business which would include bank account informationInformation on any rental properties you may already haveThe personal income, debt, and credit information on each member of the LLCWhen you’re getting funding under an LLC, bear in mind that personal guarantees or credit checks will also be required.
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29 March 2024 | 13 replies
Quote from @Gino Cerrone: Focus on finding employment.
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1 April 2024 | 39 replies
all these incentives are simply keeping up with what other states are doing to bring in employment. the only reason INTEL lost the chips fab to OHIO is there was no land big enough IN Hillsboro at the time..
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29 March 2024 | 8 replies
So, you signed up to double taxation of yourself, including the 15.6% self-employment tax.
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28 March 2024 | 11 replies
What are the top 5 zip codes in Columbus, OH with the highest rental cash flow, lowest turnover/vacancies, lowest crime rates, great schools, and great employers for residential 2-4 unit single-family home neighborhoods?
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28 March 2024 | 34 replies
These can also incur "self employment tax" - SET.
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28 March 2024 | 3 replies
I think you may have your understanding backwards as a very common strategy is for people to contribute to their 401(k) through their employer to get the full match, and then roll those contributions into a ROTH account at the IRS maximum per year (currently $7k).
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28 March 2024 | 13 replies
That is real estate investing.Some people might call wholesaling a way to get into real estate investing, and you can technically do that without any experience (whether you are successful is a whole other can of worms, but you can spend a lot of time).Becoming a real estate agent can be done straight out of college and a lot of agents are real estate investors.But anything self employed like wholesaling, flipping or becoming an agent will keep you from getting loans too.
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27 March 2024 | 2 replies
Hi Jesse,In my personal opinion, since the primary reason you are doing the work is for the benefit of your employer rather than for your own rental properties, I would be inclined to say no.