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13 December 2024 | 16 replies
that didn't make sense to me that if i have my ira with you then you will put who the owner is but if i don't have it with you you wont' put anything.anyways, she def didnt' give me indication that she exactly knew. maybe i had a bad agent and since i was already skeptical of using a small bank, that def turned me off.at chase my account shows that it's a business account under an llc. i am the manger of llc, the only thing that worried me is that they put me as a the owner of llc. this seemed no diff to me that when you go get an ein, it also puts you the owner of llc. if irs itself can have this limitation in getting the ein, then surely they would understand the limitation of the bank. besides, i have a fully complying operating agreement in which i have a clause that explains while irs ein letter shows me as the owner, in reality it is my ira that is owner and that that there are limitations on irs website when obtaining an ein. i will jsut be adding a similar explanation in my operating agreement about bank acct and have all the supporting documentation in case if it's ever needed. but that's where i am at.i wish this process was simpler/ easier. it is also very frustrating that the custodian doesnt' telll you anything. they all market you can have a checkbook ira but don't really guide you in HOW to do it practically. all these rich ppl are doing it and i doubt they are going through all these hoops. ...
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7 December 2024 | 1 reply
It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain.
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9 December 2024 | 15 replies
We would be happy to help your clients obtain an 75% cash out.
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11 December 2024 | 68 replies
Last resort and the most difficult-find a hard money lender, but come with a plan on how you are planning to make him/her obtain a profit.
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2 December 2024 | 7 replies
That question cannot be answered in definite terms.
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4 December 2024 | 2 replies
Because I’m unable to obtain an insured title for two years, I did not plan to invest in this property until then for risk of losing my investment.
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5 December 2024 | 3 replies
I think a post on unique ways to obtain PML would be beneficial!
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3 December 2024 | 19 replies
This isn't merely about replacing your current income—it's about creating an income stream that sustains your lifestyle indefinitely.
4 December 2024 | 4 replies
Most HOAs do allow rentals but you may need to obtain a rental permit or adhear to certain lease provisions.Feel free to PM me if you have any questions - would be happy to chat / give guidance
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10 December 2024 | 8 replies
@Dakota Williams While it’s nice to improve the ARV and obtain appreciation for when you sell I’ve discovered that most of the time I can’t access that “hidden value” because to refi out the new value would leave the property with negative cash flow.