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23 January 2025 | 7 replies
I wouldn't buy a Trust or LLC from anyone since whatever liability they have comes along with it.
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7 January 2025 | 16 replies
Suggested to do that earlier than later, so there is no liability on a tenant who is not on the lease paper.
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24 January 2025 | 16 replies
As explained above, income from the financed portion of the property in an IRA would be taxed as well, but you can deduct related expenses, including depreciation, to minimize this tax liability; that is why I recommend a discussion with a tax expert to understand what your numbers would look like.Hope this helps!
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2 January 2025 | 1 reply
Would help if you stated what questions you had so people could reply right away.I have knowledge on HELOANs but not direct experience.
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17 January 2025 | 12 replies
Gordon is the owner, I doubt whether he could completely hide behind his LLC to protect personal liability.
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6 January 2025 | 10 replies
Purchase and rehab properties will have a similar reduction, but as long as you have experience within the US, you should still be able to get some pretty good terms.
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12 January 2025 | 12 replies
You may also need to provide additional documentation, such as proof of income and employment, and may need to have a co-signer who is a U.S. citizen or permanent resident.In terms of buying with an LLC, it can be a good option for some foreign buyers, as it can provide additional liability protection and potentially offer tax benefits.
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11 February 2025 | 4 replies
Freddie also requires that the borrower loan guarantors demonstrate prior multifamily experience.
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11 February 2025 | 1 reply
I have never built a home before and I do not have 'construction' experience aside from renovating my own spaces (so i do have experience- just no formal experience).
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5 February 2025 | 17 replies
The other option is to find a partner with some experience and use that on the loan.