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16 January 2025 | 1 reply
If it's a QM you won't be able to close in a business entity like a LLC, although in some cases you can transfer into an LLC after closing.
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20 January 2025 | 5 replies
In theory, you could QT the property to an LLC in your name and enter into a lease with you personally.
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23 January 2025 | 3 replies
Jennifer FernezCountry Vista, LLC
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14 January 2025 | 7 replies
@Brice Alef-Torrisi putting each property in its own LLC is usually overkill.Getting a bank account for each LLC is typically something you need to do to avoid "piercing of the LLC corporate veil" (actually depends on tax selection you made for LLC), but is also overkill.You haven't indicated how you are holding the deed for the latest property.If in your name or same LLC, you don't need a separate bank account.If in separate LLC, you can create a Master LLC, have each property LLC hire the Master LLC to manage their affairs, and just get a bank account for Master LLC.This is an opinion, not advice, so lookup CPA Frank Alcini in Troy for expert advice.
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2 January 2025 | 10 replies
I can't move this property to an LLC as the condo docs refrain owners from owning in LLC.
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5 February 2025 | 17 replies
Previous owner bought it for $71k in 2022 (OOS LLC), asking $89k, ARV $135-150k.
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27 January 2025 | 10 replies
We also need to add in escrowed taxes and insurance to the new terms, as previously the buyers were responsible for paying them, but we’ve recently had to take that over.Context:Subject property is a mobile home on land in the state of FL that is owner occupied by the family who purchased it from our LLC.
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5 February 2025 | 15 replies
I have come across a few investing academies that help you set up an LLC and pretty much hold your hand in setting up your first arbitrage or Airbnb property.
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24 January 2025 | 5 replies
In Louisiana, looking to sell 2 properties. 1 is my investment property that is a llc.
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19 January 2025 | 354 replies
So, lets say they hit a huge series of grand slams and are returning 20% / year annualized.