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28 August 2024 | 4 replies
Then throw in that you as a person gave an entity a property for free (QCD it to your LLC), do you think a good attorney would basically say this is commingling as the LLC does not pay the mortgage, the mortgage is in your name....
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28 August 2024 | 9 replies
LLCs are passthrough entities by default, so your LLC owned by you in your name will have income and expenses flow to you.
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29 August 2024 | 10 replies
But use BRRRR and legal entities in such a way that you don't want to wait for the seasoning period, and you can BRRRR every month.
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30 August 2024 | 15 replies
I think a lot of content creators and gurus tout the importance of entity structure so that's probably why I'm so paranoid about it.
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27 August 2024 | 7 replies
Since the LLC is a disregard entity, do I need to report anything for this check/draw?
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27 August 2024 | 11 replies
Please do not create entities without talking to your tax advisor.
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27 August 2024 | 43 replies
Search the lender for deeds of trusts and you'll see if they do business.BTW, any entity that offers or requires a participation in profits that is a lender is looking for trouble, this type of deal should not be made from the position as a lender but as an investor through a non-lending entity or individually.
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27 August 2024 | 2 replies
With your resources, once you find the right property, you’ll be in a strong position to flip and build capital for future investments.When you flip, please talk to your tax advisor about whether you are ready for an S-Corp and/or whether you should operate under the same entity as a construction company.
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27 August 2024 | 9 replies
Yes, on the original contract it states "My Company, or designated entity" and yes, I told my realtor it was being assigned, and also forwarded the assignment contract to title, all prior to the deal falling apart.Would that change things at all?
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26 August 2024 | 4 replies
You can easily accomplish this with disregarded entity LLCs either before your sale or after your purchase.