hey gang,so i have been looking to finally protect my assets with an llc. my question is, is it worth going with a wyoming or nevada llc?

If one wishes to carry back paper on an asset they own free and clear and later pledge the loan receivables as collateral for a new loan who would they normally contact to loan this money?

that is some leverage you may have over them..most lower income tenants don't care if they're evicted...however, if you report her to the sec 8 authority that you're evicting her for not paying her portion, they may take her voucher away..that could scare her into straightening up and/or getting out of there asap

We're seeing less than 5 months of inventory which is starting to look like a sellers market here.Are the banks waiting to unload some assets any time soon?

You have power of attorney and limited power of attorney.They shouldn't need to give you either in this situation.All you need is an "Authorization to Release Information" form signed by them with your contact info on it and then YOU fax it in to the appropriate department.

If you have little experience and no assets probably closer to 50/50.

You'll likely need to estimate the basis of the land and property separately as land is not a depreciable asset.

Well asset managers sell a non listed property?

Yes, probably uncooperative junior lien holders, or the bank saw that the seller had additional assets or a good job such that they could effectively go after them on a deficiency judgment, versus the SS where the seller was probably negotiating hard to be fully released from the debt.

The preliminary title search or report must also confirm that there are no liens on the subject property.o The source of funds for the purchase transaction must be documented (bank statements, personal loan documents, HELOC on another property).o If the source of funds used to acquire the property was an unsecured loan or a loan secured by an asset other than the subject property (such as a HELOC secured by another property), the HUD-1 for the refinance transaction must reflect that all cash-out proceeds be used to pay down, if applicable, the loan (unsecured or secured by an asset other than the subject property) used to purchase the property.