11 September 2018 | 1 reply
I am looking to buy my first property and thought this would be the best way to catapult me into real estate investing.Home is worth 780K and I would 380K.The thought was to get liquid and leverage the money to purchase a duplex/triplex and have some leftover for maintenance and unknowns.I was told selling my home to my corporation might be the best way to get all my monies in my home for that first step in real estate investing.Looking for comments and suggestions or anyone else in the same situation and how you moved forward.
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19 September 2018 | 16 replies
If it needs work, perhaps you should look into building corporate credit while you take care of your personal credit.
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11 September 2018 | 1 reply
Someone could be worth 50 million but if they have no guarantee or a single entity remote LLC it is worthless.You could have all that other stuff and they could simply walk away and keep running other locations of their businesses.If they are a large corporation you want to see if they are credit rated and then if investment grade BBB- or not.
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25 April 2019 | 10 replies
Might not be a bad idea to look into building corporate credit as well which doesn’t require a personal guarantee.
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12 September 2018 | 0 replies
The economy is growing, companies are hiring, and the housing market is hot, with this suburban enclave spreading farther into the Mojave Desert.But the recovery has been uneven.Although the Las Vegas area is booming, the middle class is still getting squeezed.Steady growth across the country has lifted the stock market and corporate profits.
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6 February 2019 | 14 replies
An LLC can make an election to be taxed as an S corporation.
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27 November 2018 | 19 replies
I think it may only preserve the rights for the current owner but if the park is titled in a LLC or other corporate entity you may be able to simply buy the business instead of conveying the property and preserve the rights of the current owner.
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14 September 2018 | 4 replies
The UK considers US LLCs to be corporations regardless of how they're taxed at the US federal level.A lot to think about here.
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15 September 2018 | 7 replies
Someone who examine your facts and circumstances and advise you on tax entity structuring and treatment of payments/expenses.If the washing business is a disregarded entity, there would be no deduction as you're just moving money "from one pocket to the other".If an S Corp or C Corp, possibly, but then we'd have to look at: is the payment reasonable, ordinary and necessary.
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18 September 2018 | 16 replies
Additionally, reaching out and starting relationships with lenders now will help you identify what information you may not have realized you would need to get funding, (a lot of lenders do not lend to individuals, only corporations, like an LLC).