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6 February 2016 | 3 replies
The issue we are having is finding lenders who can close quickly and who won't lean on the income of our LLC based on the past couple of years' tax returns too heavily.
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11 February 2016 | 9 replies
Some Investors try to out fox the lender and Quit Claim the property, from their personal name, to the name of a LLC.
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8 February 2016 | 8 replies
The downside is you will need to live there, for a minimum of one year (to satisfy FHA Requirements); AND because you closed personally, you will not have Asset Protection, in the form of closing in the name of a LLC.
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8 February 2016 | 9 replies
Maybe he will make it so there's no waiting period to buy more real estate using a conventional mortgage following a bk, so we can all get in on how he's been doing it for decades. 1) Form Chris M #1 LLC.2) Buy investment property. 3) Turns out it was a lemon.4) Chris M #1 LLC declares bankruptcy, debt is discharged.5) Form Chris M #2 LLC.6) Buy another home.7) ???
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8 February 2016 | 5 replies
Should we set-up an LLC for this?
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9 February 2016 | 2 replies
What are the benefits of putting my rentals (2 single family, 2 condos, 1 fourplex) under an LLC instead of just at my name?
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8 February 2016 | 0 replies
UNITED STATES TREASURY BEGINS CRACK DOWN ON MONEY LAUNDERING THROUGH HIGH END RESIDENTIAL REAL ESTATE In an effort to combat money laundering in the real estate sector, The Financial Crimes Enforcement Network (FinCen), a bureau of The United States Treasury Department, has issued Geographic Targeting Orders (GTO) that will temporarily require title insurance companies to identify the names and social security numbers of the natural persons behind LLC's and other opaque structures that are used as shell companies to purchase high end residential real estate.Reporting will be required on "All Cash" purchases of residential properties that exceed $3,000,000 in Manhattan and $1,000,000 in Miami-Dade County.
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11 February 2016 | 4 replies
If I have 20 properties and I set up one LLC for every 5 properties, can I set my D.B.A. for all four LLCs to the same name?
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11 February 2016 | 5 replies
I have registered LLC with GlobeAmerica last in August in hoping to start investing in US.Currently there is no activity (slow start).
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9 February 2016 | 3 replies
He listened to what we wanted (Keep it simple) and set up our LLC exactly as needed.