Jay Sheth
Anybody worked with zeker management
11 December 2024 | 37 replies
Amy, I'm using America's Rental Managers now, and they are fantastic.
Jennifer Fernéz
Let's say you have $80K in your savings account...
19 December 2024 | 82 replies
Open a corporation and start building business credit.2.Leverage Credit to Multiply Capital: With strong business credit, you can secure $50K to $250K in funding through business credit cards and lines of credit.
Elliot Tan
Can you assume a VA loan with an entity?
13 December 2024 | 2 replies
Assumption by an EntityUnfortunately, assuming a VA loan directly through a legal entity (such as an LLC, corporation, or trust) is typically not allowed because:Primary Residence Requirement: VA loans are designed for owner-occupied properties, meaning the assuming borrower must intend to live in the property as their primary residence.Credit Review: The VA and lender require the assuming party to undergo a personal credit and income review to ensure repayment ability, which entities cannot satisfy.3.
Chas Lumley
Umbrella Insurance policy.
9 December 2024 | 5 replies
In my experience, you are thinking through this correctly.I've heard lawyers say, if the loan is in your name (which it has to be for conventional) and the deed is in the LLC, you aren't treating the business as an independent entity and in a severe lawsuit, the corporate veil is pierced and the LLC can be thrown out.I agree that one of the best defenses is to run your properties well.
Basit Siddiqi
Investing in Spain: Good idea for non-residents(Americans)?
22 January 2025 | 30 replies
It seems like a reasonable approach, but as you say, we'll have to wait to see what the final version of the law (if it indeed becomes a law) looks like, then figure out if a European corporation with third country investors is a reasonable solution.
Denise Lang
Starting our investing journey. But how to that that out of my home state?
2 January 2025 | 36 replies
When investing OOS, consider targeting markets with major corporate relocations and expansions.
Katie Miller
If you use a CPA or Tax Professional, how did you find him or her?
19 January 2025 | 119 replies
It isn’t separate unless they are in a corporation or partnership.
Xavien Rafael
The Benefits of Using an LLC vs. S-Corp for Real Estate
11 December 2024 | 0 replies
Without solid credit, even the best structure can be challenging to leverage.Curious to hear how others in this community are structuring their businesses—are you sticking with an LLC, making the jump to an S-Corp, or considering something else entirely?
Steve Englehart
Cashing out IRA to buy rental properties.
3 January 2025 | 45 replies
You will pay the 21% corporate tax and then you will be taxed on your dividends in the future.
Tyler Kesling
Funding Your First Deal
7 January 2025 | 16 replies
What I would tell you is that as we built our portfolio we continued working our full time corporate (cubicle) jobs until we had 20 units (self-managing them along the way).