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1 August 2016 | 14 replies
Disregard what I said if you are a licensed contractor haha
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11 November 2016 | 7 replies
The one quazi exception is if you owned the Denver property individually now but wanted to add a layer of asset protection, you could take title to the replacement property in an LLC as long as it is filed as a disregarded entity such that you would not secure an EIN specifically for the LLC and would continue to utilize your social security number.
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27 February 2020 | 8 replies
@Gary AbnerIf the property was not in service being rented for the whole year, and you can show receipts to prove that you did work to it, then you can disregard the tax return and just use 75% of the current lease to offset the PITI payment.Any lender who tells you otherwise, run.If you need a referral to a rockstar that can help you in your state, shoot me a PM.
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18 October 2016 | 10 replies
The IRS calls your single member LLC a disregarded entity because they change nothing about the way taxes work.
14 October 2016 | 3 replies
As an aside, my opinion is that when a QI takes title to a clients future property, they should set up a new specific entity for that purpose because a QI could have a liability in the past or one arise during your exchange that puts your assets at risk so setting a new entity to facilitate the exchange is not negotiable as the benefits and peace of mind far outweigh the cost of setting up an LLC.The reasoning is that a disregarded entity is the individual for tax purposes but still affords you asset protection.
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16 October 2016 | 7 replies
I'm also not suggesting they would blatantly disregard other offers, but maybe just favor my offer a bit.Thanks again.
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17 October 2016 | 5 replies
Disregard the red box.
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2 November 2016 | 6 replies
Others go by equity, but that disregards the lender's position.
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18 September 2016 | 1 reply
Running an LLC as a disregarded entity.
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19 September 2016 | 36 replies
And I would disregard john Andersons advice