30 January 2019 | 1 reply
You would be increasing in a variety of ways: your exposure grows because you would be making more transactions (talking, financial, relational) because of "growing" the LLC to house more than your current RE business, you would be introducing different types of liability due to the different asset class and length you would hold the assets, and the bigger any LLC becomes the juicier it looks for anyone considering to sue you.For flipping properties I would highly recommend looking into the Series LLC, also.
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23 December 2018 | 11 replies
Also, if it is high, consider lease length of the tenants.
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12 October 2018 | 8 replies
If so, what is the length, of the warranty?
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11 November 2018 | 22 replies
That said, the structure you outlined is useful for readers conceptualizing and structuring arms length deals.
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22 October 2018 | 21 replies
Nothing is stopping you from increasing your monthly payments to shorten the length of the loan (assuming no early payoff penalty), which will get you the same benefit (less interest over the life of the loan) but with much more flexibility.
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30 September 2019 | 6 replies
Further a poor review is warranted and should be placed online for others to be aware of before starting the length qualification process.
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21 April 2020 | 1 reply
Your mom’s house likely will have no capital gains tax due upon sale based upon length of ownership and her time in the house.
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11 June 2020 | 3 replies
@Jaysen MedhurstIf you are not part of the LLC, Title is held by the LLC, and the member(s) of the LLC are not related to you, then it should qualify as as arms length transaction.
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25 September 2019 | 7 replies
In California, you have to add "and all in possession" wording to all eviction paperwork to cover those who is not on the lease document but who can claim tenant rights by the length of their stay.
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1 August 2020 | 8 replies
I have written several times on here at length if if you search my posts.