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3 May 2024 | 19 replies
Thanks for the notice.Exemption Conditions for Single-Family Homes and CondominiumsSingle-family homes and condominiums are only exempt from AB 1482 if BOTH of the following conditions apply:The property is not owned by one of the following: a real estate trust, a corporation, or an LLC with at least one corporate member.
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2 May 2024 | 10 replies
Most traffic will be on Zillow or MLS.I would try Zillow first, if not enough interest I would do a flat fee MLS listing.FB groups national and local for STR's would be another free place to advertise.
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2 May 2024 | 6 replies
Larger national companies like State Farm, Allstate, and Liberty Mutual are known for providing comprehensive coverage, so they could be good places to start your search.
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1 May 2024 | 12 replies
I have 30+ years of corporate finance experience; FP&A, Supply Chain Finance, new business ventures, tech infrastructure investments, and entertainment.
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1 May 2024 | 10 replies
Do I talk with a local bank, national bank, or mortgage broker?
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1 May 2024 | 1 reply
If not, we’ll need to have one ordered for you.Entity Documents (NEEDED FOR PREAPPROVAL):LLC/LLP i.Copy of Articles of Formation/Incorporation ii.Copy of fully executed Operating Agreement/Partnership Agreement (all pages & amendments) iii.Certificate of Foreign Qualification (if applicable) Corporation i.Copy of Articles of Formation/Incorporation ii.Copy of fully executed Corporate Resolution designating authorized signer(s) for the Corporation iii.Copy of fully executed Corporate Bylaws iv.Copy of stock certification v.Certificate of Foreign Qualification (if applicable)Identification (NEEDED FOR PREAPPROVAL): Copy Driver’s License or Passport for each Guarantor.Rent Roll (NEEDED FOR PREAPPROVAL): We’ll need to get an understanding of the current cash flow of the property.
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1 May 2024 | 4 replies
You should already be separating business and personal completely, otherwise the LLC is useless, and they can pierce the corporate veil.
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1 May 2024 | 2 replies
However, I want to ensure that I'm not just passing quizzes but retaining all the essential information necessary to ace both the national and state exams.
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1 May 2024 | 4 replies
This means that you will probably need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident.Any lawsuits should be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced, some debate as to SMLLC).
1 May 2024 | 2 replies
My company, 1031X, is 31 years old and is a top-rated national 1031 firm.