21 August 2020 | 2 replies
There are owner contributions and withdrawals from time to time depending on needs.But back to banking, if you plan on holding each asset in a unique LLC, then each asset gets its own bank account.
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21 August 2020 | 1 reply
But I came across a problem, when I build relationships over the phone, they don't tend to as meaningful on both sides as it would be if it were face-to-face.So my question is... how do we up our networking game during coronavirus?
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21 August 2020 | 3 replies
This post is truly motivating and I am grateful for your contributions.
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21 August 2020 | 2 replies
I know there are a few other ways, but wanted to get this thread started for anybody else ready to contribute!
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27 August 2020 | 9 replies
I reached out to people I saw consistently contributing here to pick their brains and learn from their experiences.
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30 September 2020 | 6 replies
You have to be sure it’s truly structured as debt so it isn’t re-characterized as a non-qualifying equity contribution, but assuming you use a reasonable interest rate and have an amortization schedule for it, you could loan money to the LLC as you describe.
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24 August 2020 | 3 replies
I may also do a "fund" for something, such as a down payment for a house or something if people would rather contribute ti that.
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30 August 2020 | 14 replies
Never had a suit, or even the intimation of a meaningful suit in well over 20 years of active operations, nor do I know of any other landlord like myself that has.
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29 August 2020 | 20 replies
It would be like making 'excessive contributions'.
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31 August 2020 | 12 replies
Thanks again to all who contributed,BRRRRzerkeley Greg