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6 January 2024 | 3 replies
@Michael Pannacciulli this is a common question and a good one :) The answer is it depends and it may not be your choice.Generally, buying through your personal name can reduce the interest rate - commercial rates on LLC mortgages are usually higher but you can research thisMost LLCs on incorporation don’t have any credit so it may be difficult to find.a lenderIf you own the property in your personal name you are exposing yourself to more risk and will want to transfer the property into LLC as soon as you canIf you own property in your personal name and transfer to LLC the lender may not allow or can call the entire loanLLC or personal you need insuranceOne solution to above is to buy the property in your personal name and immediately transfer it to the LLC after closing, but you will need to get pre-approval from lender before you buy property and plan to do this since not all of them allow this.
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7 January 2024 | 3 replies
@Troy Smith this is a common question and a good one :) The answer is it depends and it may not be your choice.Generally, buying through your personal name can reduce the interest rate - commercial rates on LLC mortgages are usually higher but you can research thisMost LLCs on incorporation don’t have any credit so it may be difficult to find.a lenderIf you own the property in your personal name you are exposing yourself to more risk and will want to transfer the property into LLC as soon as you canIf you own property in your personal name and transfer to LLC the lender may not allow or can call the entire loanLLC or personal you need insuranceOne solution to the above is to buy the property in your personal name and immediately transfer it to the LLC after closing, but you will need to get pre-approval from the lender before you buy a property and plan to do this since not all of them allow this.
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10 June 2022 | 5 replies
The unit had only been rented out for about a month when I went down to check on it and there were already food stains all over the kitchen chairs and some mysterious gross sticky stuff on one of the luggage racks.
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24 December 2023 | 6 replies
The reason I ask is city of San Diego has gone all in on higher density housing such as ADU bonus program, unlimited ADU count in existing space, and as close as SB10 came to being incorporated (backed by mayor but rejected by planning Commission).I have not followed Chula Vista but have not heard of the same extreme measures.
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3 January 2024 | 27 replies
I am a managing broker..I am incorporated for myself.
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6 January 2024 | 1 reply
What categories to things like chair leg floor protectors, "use other door signs", sticky hooks for towels, wall decorations, combo locks for doors, out of these categories what would I put these items under?
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5 January 2024 | 3 replies
I was wondering if anyone out there may have an idea of how we could incorporate using an "inventory" to stock supplies while we try to locate the proper facility to house supplies.
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5 January 2024 | 0 replies
Looking for some suggestions on incorporating in a state that offer anonymity.
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27 June 2020 | 37 replies
I know you can use those lenders to incorporate the construction of the ADU but they will not allow the buyer to use those funds to help qualify.
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19 March 2022 | 9 replies
Develop your own special products and materials list and then incorporate it into the Scope Of Work that you want a bid on.