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Results (10,000+)
Jorge Vazquez Purchasing the company (LLC or Corporation) that holds the property
14 August 2024 | 3 replies
The real savings and benefits come when you're purchasing an existing LLC or corporation that already holds the property, rather than forming a new entity and buying the property directly.
Chris Miller Cashout Refinance Subject TO
15 August 2024 | 23 replies
Unless there is significant equity in the property 50% LTV may not be enough to payoff the current underlying mortgage.Now here are the exceptions to lift the COB 50% limited LTV restriction:- you inherit the property and it was transferred into your name either via legal award from a domestic partnership/marriage - you have been on title for 24 + months- you took title to the property that was transferred from a partnership or partnership like entity (LLC, LP, etc) that you can document the ownership of 25% or more in- you lived in the property and have been on title for atleast 12 months as a primary residence- you have paid the mortgage for atleast 12 months - or you can demonstrate a relationship with the obligator (domestic partner, relative, family member, etc. )If you qualify for one of the exceptions you are not limited to the 50% max LTV  when considering fannie/freddie conventional cash out refinances on a subject to transaction.
Forest Wu List of Syndicators/GPs to AVOID?
14 August 2024 | 134 replies
Three questions: 1) Is the operating agreement you signed for the direct entity that owns the property or an entity which invested in another entity which owns the property?
Luis Herna Can some one tell me what things can be done to overcome Due On Sale Clause?
20 August 2024 | 45 replies
Luis,, as I mentioned their are events of default  And alienation of title is one of them its written in virtually every Deed of Trust / Mortgage in the US.. if you are not familiar with the term alienation that means transfering title to another entity..
Daniel Dietz Self Directed IRA - doing work on property yourself?
15 August 2024 | 21 replies
None of this speaks well for owning property in an IRA.While trying to find related examples, I found another argument I would have certainly lost regarding accounting for a checkbook controlled IRA LLC: “Providing un-tracked accounting services for your own IRA LLC can result in a both an excess contribution and a prohibited transaction.”http://www.prweb.com/releases/2011/02/prweb4300264.htmAccording to the article, “Although there are some exemptions for services provided to a retirement investment plan, they do not extend to services provided to entities owned by the plan.”I guess you guys are right.
Jonathan Greene The 5 Biggest Mistakes New Investors Are Making Here In The Forums
19 August 2024 | 244 replies
For example, in the left-hand column on this page, under "Financial, Tax and Legal" are forum topics which often overlap such as "Tax, SDIRAs and & Cost Segregation", "Goals, Business Plans and Entities" and "Personal Finance" could all be relevant to someone's question, but there's (currently) no way to engage the denizens of all those forums without posting in all of them (what you want to call "spamming").My $0.02 ...
Kevin S. LLC or Trust to hold investment property?
13 August 2024 | 16 replies
So long as you are a Trustee/Beneficiary of that Trust, you are still on title, so if they try to give you crap about it, it is very easy to prove that.A better way would be to get a non-recourse loan, then QCD to the trust, but the pricing for non-recourse has yet to recover from what I've seen in the lending market so far.I don't have any experience or insight into a JRT... or what the advantage would be over an entity when doing JV...Cheers!
Josh Miller STAY AWAY FROM NREIG (National Real Estate Insurance Group)
14 August 2024 | 51 replies
Looks like they only insure business/entity owners, not private owned investments?
Leon Korpel Can I invest in the USA if I am a foreigner?
12 August 2024 | 4 replies
If buying direct you will want to setup an entity in the US that can buy and sell the property.
Selina Giarla What are your most helpful tax strategies? Can I create a business to self manage?
13 August 2024 | 11 replies
@Selina Giarla  For asset protection purposes you might want to have asset holding entities (LLCs).