Bill Gulley
THE 47%
24 September 2012 | 10 replies
While politicians and others disregard any notion of "class" in the US, (it's one of the reasons we broke away from England that people were locked into a class society) it is very much alive and well here in the US.
Jeremy M.
Proof of funds question
10 October 2012 | 14 replies
It's usually a bank statement, a letter from your bank or a screenshot from your online banking page.What you are talking about is a pre-qualification or pre-approval letter from a lender (regardless of what they call it), and is used when making financed offers on property.If you try making a cash offer using this fake "POF," you'll find that most of the time, the seller will disregard your offer or make you change it to financed.Now, to answer your question, if you make a financed offer, it shouldn't matter whether you change the lender in the middle of the process, so long as the original lender (the one that provided the "POF") is a viable option should the new lender not be able to provide the funds.The key is, you need to be able to follow through on whatever you're telling the seller -- if you tell the seller it's a cash deal, you need to be able to follow-through with cash (and prove you have it); in this case, if you're telling the seller you are approved for financing, you need to be able to follow-through by getting financing, regardless of who the lender is.
Daniel Miller
This one will be a bit of a challenge
19 October 2012 | 20 replies
I also looked at their house on Google maps, and it's floorplan is probably larger than mine, disregarding the second floor that they have.
Joshua Hill
Changing to an LLC
3 August 2007 | 6 replies
If I transfer a personally owned investment property to my single member (disregarded) LLC, it makes sense there is no tax consequence.
N/A N/A
Hellow
9 October 2007 | 11 replies
Single member LLCs are considered to be disregarded entities for income tax purposes and as such are treated as if you acquired the property as an individual for income tax purposes, but they exist for legal protection.
Account Closed
Maintain Investor status
26 November 2011 | 2 replies
I do not have a single member LLC so I can't comment on the rulings for disregarded entities (like a SM LLC).
Patrick H.
Should I look into an REO first?
22 October 2011 | 3 replies
The property was last inhabited by people who were getting kicked out, and sometimes people in that situation will purposefully do damage to the property (or at least have disregard for upkeep);2.
Ariella Cohen
Home priced 15K over county assessmnet
21 October 2011 | 4 replies
Completely disregard the ASSessors value.
Elio Mariani
Holding property in LLC/Corp
25 November 2011 | 27 replies
All S-Corp profits flow through to the owners of the company and onto their 1040s (line 17).So the S-corp is a disregarded entity, like the LLC?
Justin Silverio
LLC w/ S Corp Election vs. C Corp w/ S Corp Election
21 November 2011 | 18 replies
This is the typical S-corp.A single member LLC is automatically treated by the IRS as a disregarded entity.