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30 October 2015 | 30 replies
My thinking is that usually with a mortgage you see the interest paid as a single entry and that entry on the statement is the only asset covered on the note and easily transferred to a tax return but if Kyle uses his HELOC like most and on same credit line, he pays for CAPEX or repairs before he has a separate account built for those items from proceeds, what added measures might he have to incorporate into his plans to avoid red flag audit by ensuring his records reflect the proper amounts?
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29 March 2017 | 23 replies
They have bi-monthly property tours where investors open the door for you to invest in their current projects without assuming the full risk of doing a fix and flip yourself.Since being a member of this new program, they helped me to become incorporated in less than a year with their in-house CPA, I learned how to raise my credit score (and actually got it up to a 784!)
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26 February 2018 | 9 replies
Property tax bills for the last 2 years IRS Tax returns and addendums for the last 2 years (as relatedto the property only) Articles of Incorporation Good Standing Letter from the Department of Revenue Any licenses in the name of Sathyam Enterprises Rent roll for the property for the last 2 years Security deposit register Payroll records Each different lease type Written property policies such as pets and parking Information on all rent concessions List of any uncompleted maintenance requests Maintenance and capital improvement history for past 3 years Litigation history on the property for the past 5 years Any operation manuals for the property Title policy Site plan Architectural plans Environmental Reports Any mold inspection reports Any lead-based paint inspection reports Any fire system reports or citations
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10 September 2019 | 3 replies
My flipping business primarily does assignments and wraps, but am incorporating lease options and seller financing in our deal structure options.
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4 September 2016 | 12 replies
FYI I don't know too much about how different credit scores will affect my mortgage payments, so I'd also appreciate some guidance which incorporates high vs. low credit credit scores.)
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18 May 2016 | 12 replies
Most churches are owned by a non-profit 501(c)3 corporation so title would in that case require Articles of incorporation and corporate resolution signed by all officers E powered to sell.If owned personally, it may be probate time.Sounds like you are only beginning your research and due diligence.
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14 July 2016 | 2 replies
I've been doing a ton of research, like I am sure every beginner has, about real estate investing and one of the key decisions that has me hesitant to buy my first property is whether or not I need to incorporate an LLC first or buy a property in my own name.
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19 February 2016 | 5 replies
For a corporation, this is the Articles of Incorporation, for an LLC, these are the Operating Agreement.
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8 October 2019 | 4 replies
I spent 34 years in corporate America getting input, building consensus, writing status reports, developing plans/goals/objectives/metrics, etc.
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15 December 2018 | 11 replies
It seems like Americans have it easy in this regard but far less advantages to incorporating in Canada.