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3 November 2021 | 1 reply
@Sam CollinsYou may want to reach out to @Michael Plaks who is based out of Houston.Texas is one of the unique states that require the filing of an LLC Franchise tax return even if the LLC is a single member LLC.This filing obligation is not known by many outside of Texas.Best of luck to with your choice.
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28 October 2021 | 4 replies
My plan is to open a LLC in my name for a property management company.
23 October 2021 | 7 replies
Just trying to see if its worth the hassle and costs of a NC LLC.
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25 October 2021 | 6 replies
We don’t know any PMCs to recommend in the Central Jersey area, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.
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26 October 2021 | 9 replies
So I want to sell property from one LLC, and then buy a different property under a different LLC.
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21 October 2021 | 1 reply
I believe it may be best to set up an LLC with contracts in place before we even look at property.
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4 November 2021 | 16 replies
We use 21st Mortgage/ Vander built/ Triad but they don't like investor loans and will not lend to an entity (LLC, Corp, Etc)I have applied with many investor portfolio lenders and been through the ringer asking this question for several years, its seemingly impossible out side of a small 5 year Commercial loan (local Texas bank) that we have received on our SFR/MH rentals and these are all "perfected" and made part of the land.
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22 October 2021 | 1 reply
It means you would be purchasing the business (shares of an LLC are called membership interests) that owns the real state rather than the property itself.Sometimes you can avoid paying transfer taxes doing it this way... it depends where the property is located.Generally speaking, when you purchase a business this way you acquire its assets as well as its liabilities.
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22 October 2021 | 5 replies
We don’t know any PMCs to recommend in the orange county area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.