The bank is telling me that I need to have a specific property to complete the commercial loan application for this LLC.   

I'm looking to complete my team and need a REI minded CPA and Attorney in Columbia, South Carolina.  

I've considered it but have not executed.In regards to the heloc if I understand things correctly you will not be able to take out a heloc on a investment property but simply a loc or a blanket/commercial loan depending on the financial institution you decide to approach with the situation.

For now, please keep in mind that you should favorite any properties that you might see as a potential investment for yourself in the future, by simply clicking the star icon on the upper right-hand side.

One day when my wife decides I am not worth it anymore and has me die (by sheer accident) she will find my daughter now has a completely tax free business empire (granted, a small one) that she can leverage to do amazing things for the rest of her life.For continuing contributions, in your scenario where you have no matching it is really up to you.

Then it will be owned by the MM LLC and as the taxpayer, the LLC will have to sell and buy in order to complete the 1031.Your acct. should be able to help you with this pretty easily.

I have completed well over 200 deals…and I am still learning new stuff every day! 

After completing the inspection, we decided to back out of the contract as the property had some red flags in the work that had been done on the property.

Also everyone on BiggerPockets who has motivated me or simply gave me advice. 

Morris is as this person stated a scam is that on its face 40k turn key homes in major metro areas are simply not assets that will perform as Mr.