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16 September 2019 | 1 reply
Yes for multi-family, no for SFH and condos (not owned by a corporation).
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4 October 2019 | 24 replies
The problem is I feel I'm an entrepreneur at heart; I just don't get the corporate "clawing your way up the ladder" to make someone else money and killing yourself for it.
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10 September 2019 | 6 replies
Dayton Capital, FOAC bundles 7+, Corevest 5, Colony American bundles 5+, Visio 3 to 7 in a bundle, Conventus, Mofin will bundle.
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11 September 2019 | 15 replies
Good part of the story was they retired to FL, put all they money into their retirement home, protected under FL's generous homestead laws, and the litigants settled for the $1 million.I on the other hand had nuisance suits against my LLC, where I had corporate insurance, as well as for me personally via an endorsement.
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13 September 2019 | 7 replies
Glad I never bothered putting my condos under LLC's, as now they are poison for CA landlords- SFH’s and condos are not impacted by this legislation, as long as they’re not owned by a reit, Corp or under an LLC.
13 September 2019 | 4 replies
You can also open corporate/business accounts at places like Home Depot.
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12 September 2019 | 2 replies
S-Corps, on the other hand, offer tax benefits by qualifying some of the income as dividends as opposed to income, but you have to have enough to justify the expense of a separate corporate tax return and that's more relevant to flips than long term holds.
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12 September 2019 | 1 reply
Ideal property is as follows.. 8-12 Unit, Landlord pays no utilities, garages, minimal lot size, not owned by a big corporation, mortgage at least half paid off, Forced air, Etc.
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19 September 2019 | 17 replies
See Delayed Financing Exception below.If the property was owned prior to closing by a limited liability corporation (LLC) that is majority-owned or controlled by the borrower(s), the time it was held by the LLC may be counted towards meeting the borrower’s six month ownership requirement.
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13 September 2019 | 4 replies
I'm just not too sure what that means during tax time.I do know that I want my LLCs to be taxed like a corporation to take advantage of more tax benefits.Originally posted by @Bill Hampton:@Chantal Jones, if the property is in Georgia I recommend creating a Georgia LLC and a new EIN for liability, accounting and tax purposes.