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28 November 2024 | 1 reply
If you are looking for loans on real estate or a business lenders don’t necessarily care about the credit history of the LLC - they care about the performance of the asset and your creditworthiness since you will most likely have to sign personally.I have established multiple LLCs just days before closing on large loans for different assets, those particular entities barely existed and the banks did not care.If you are talking about pulling a business line of credit (like a HELOC, but against your business equity) then the banks like to see some history of revenue.
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7 December 2024 | 150 replies
@Jay HinrichsSorry, I maybe misstated...we negotiated it to cost the asset (house)zero...the taxes still existed, they were released from the property because our lien was so substantial of a loss via our first position there was no equity for them to stay attached to...did that make more sense?
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19 December 2024 | 82 replies
I'll add this, I think if you are good at it, there exist modes and methods which can give you much better returns.
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27 November 2024 | 4 replies
It may impact someone who already has an existing respiratory issue, but it won't cause illness in a healthy individual.I recommend inspecting the property and determining the source of moisture.
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9 December 2024 | 166 replies
I guess that is partly why bitcoin exist, to eliminate those cross border fees.
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26 November 2024 | 19 replies
Quote from @Travis Biziorek: Quote from @James Wise: Quote from @Travis Biziorek: I own and operate a STR in Detroit and this is the first I'm hearing of this regulation.I'm not convinced it exists.
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3 December 2024 | 3 replies
It is cheaper with better financing to purchase a property with an existing ADU than add one.
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30 November 2024 | 11 replies
Am I, as the owner, responsible for pests that may or may not exist outside of the house and are brought into the house by the Tenant's dogs?
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6 December 2024 | 45 replies
For illustration purposes, the investor with engineering and/or construction background may excel building in a market where there is ease in doing business and can build efficiently whereas the doctor may have greater success in the established market where significant barriers already exist but can afford the entry price and can ride the waive of continued appreciation and offset their high salary by depreciating the expensive building they acquired.
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6 December 2024 | 51 replies
Nine states are COMMUNITY PROPERTY STATES, where all property accumulated during the marriage, OR the INCREASE in value of existing separate property (property accumulated prior to the marriage), is considered community property which can only be divided 50/50, UNLESS the division is made to offset some other imbalance .