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31 March 2024 | 11 replies
Such as not notifying all interested parties about the sale properly.
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30 March 2024 | 18 replies
Turns out, there were 3 other parties bidding against me.
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29 March 2024 | 21 replies
Once I have completed my part, I then present the property to a potential buyer who said he/she is interested.
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30 March 2024 | 22 replies
Best part I live in FL, All the best
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29 March 2024 | 1 reply
I've heard that it's better to have a commercial property insurance policy for the LLC that covers all of the rental homes in it since A) it may be more cost effective than having individual normal home insurance policies on all of the homes and B) it will name the LLC as the primary insured party which technically will be the primary insured since the homes will be in the LLC's name.
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31 March 2024 | 50 replies
The first one who told me this over a beer at a Xmas party in a rare moment was the owner/founder of the global multi billion $ company I used to work for.
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29 March 2024 | 7 replies
You cannot borrow from your own IRA or a prohibited party to you.
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29 March 2024 | 25 replies
Consideration doesn’t have to be money, but both parties have to get something of value.
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29 March 2024 | 17 replies
Each lender will have their own criteria but here are some tips for getting funding as an LLC…Lenders will often require these documents: Employer ID number (EIN)Your LLC’s operating agreement (the most important part is the list of owners and their percentage of ownership)Income documentation for the business which would include bank account informationInformation on any rental properties you may already haveThe personal income, debt, and credit information on each member of the LLCWhen you’re getting funding under an LLC, bear in mind that personal guarantees or credit checks will also be required.
30 March 2024 | 17 replies
They will most likely negotiate something fair for all parties involved.