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21 January 2025 | 2 replies
I wouldn't use them for setting up an LLC.
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19 January 2025 | 8 replies
Fannie/Freddie do NOT care if you transfer your property to your LLC.
22 January 2025 | 14 replies
- Of course, most of these PMCs weren't even properly licensed and were typically one-person companies.If you have an LLC, the PMC will only need the LLCs EIN.- If you chose to set up your LLC as a pass-thru entity, then you will need to supply your SSN.FYI - to avoid getting nasty letters from the IRS about errors (which might cause us to be audited), we will ask for a copy of your EIN assignment letter or a copy of your SSN card to confirm those numbers.
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29 January 2025 | 10 replies
I have owned several single family homes as rentals in my own name, my first LLC holds mostly 2-4 unit small multifamily properties, while my most recent LLC has all 5+ units.
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21 January 2025 | 2 replies
Cornerstone Capital LLC?
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22 January 2025 | 8 replies
I regretted making the LLC's and ended up going to just liability insurance with what I had.
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9 January 2025 | 18 replies
., to the best of my knowledge a Wyoming LLC can own property in any state, however the LLC must register as a foreign entity in that state.
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19 February 2025 | 23 replies
Partnerships are gold too; I’ve seen deals where one person brings the money, the other handles the work, and they split the profits.Company hacking is a bit more advanced—getting added to an LLC that owns the property, improving it, then refinancing to pay the seller out—but it can be powerful if you and the seller trust each other.
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23 January 2025 | 8 replies
Thanks in advanceDown payment: ~90k (25% downpayment)Rent per month: 2300 (5Bed, 4 Bath) with 2100sqftProperty management: ~150 (monthly)Outstanding loan around : ~268k (7.675% APR) 30years fixedLandlord Insurance: 1500$ (per year)HOA: 1600$ (per year)Keeping an eye on interest rates for refinance, so I can then move this property to an LLC instead.
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13 February 2025 | 10 replies
Are your investment property loans issued to you personally rather than under an LLC?