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11 April 2016 | 4 replies
There's always some rule that gets in the way (or makes it downright impossible) when it's been less than six months since your last mortgage on a given property and you want to refi; in this case it'll be that the lender on the refi will use the lesser of purchase price or appraised value, effectively meaning equity gains through home improvement will be disregarded.
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10 December 2017 | 14 replies
Just because a tenant pays on time and keeps the place nice doesn’t necessarily mean they’re a good tenant...but...those 2 things are key to being a good tenant and it’s hard to just disregard.
15 April 2018 | 7 replies
If you are the sole member, it is a disregarded entity for tax purposes.
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11 January 2015 | 8 replies
This ignores appreciation which is a phantom return until sale so I disregard that.
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26 March 2018 | 5 replies
Technically, mine is a single-member LLC, therefore the IRS considers it a "disregarded entity" and this step is superfluous at this point.- I then contacted the registered agent of my choosing and gave them the LLC information and EIN.- I then contacted my bank and created a business account in the name of the LLC with the EIN and transferred funds into that account.- Now, I can buy real estate (actually, I could have done this all along), but due to the "disregarded entity" status of my single-member LLC, the loans will be issued to in my personal name based on my personal credit score and my personal debt-to-income ratio, etc, in part because my company has no credit score of its own yet, and won't for years to come.At some point, you can quit-claim the property into your business' name, but be aware that most mortgages have a due-on-sale clause so that by making that "sale" (effectively selling the property to yourself) your bank may require payment in full.
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4 April 2018 | 13 replies
@Alfred Litton, assuming your LLC is disregarded for tax purposes (which most are) then you have to pay the taxes regardless of whether you pull the money out or not.
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2 March 2017 | 5 replies
I don't want to disregard my agent altogether, but I know he's busy.
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18 May 2018 | 12 replies
Disregard if you're already doing this :-).Best,Kurt
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6 May 2018 | 7 replies
Then there is the question of if you are currently a disregarded entity or not... lots for you to think about, and maybe run by a competent financial or tax person.
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5 October 2018 | 0 replies
The LLC is just my wife and I as a disregarded entity, in Texas.