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25 February 2021 | 3 replies
Contributing your respective properties into one multiple member LLC changes the ownership from individuals to a partnership for tax purposes and your "seasoning" or "holding" period really starts all over again in order to demonstrate the the LLC (partnership) had the intent to hold for investment purposes.
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11 February 2021 | 10 replies
Their whole thing is basically, they’ll fund 100% of the deal through this “find-fund-flip” and all you must contribute is the 3k in the beginning, and then $600 every deal from their out and as long as it’s 70%arv they’ll fund the entirety of the flipSounds to good to be true but I wanted opinions just incase it wasn’t too good to be true
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26 January 2022 | 52 replies
@Shelby WillittsYou are correct that the contribution limits between a SIMPLE IRA and a Traditional differ.
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17 February 2021 | 7 replies
So you and your uncle inherit the property, and he immediately conveys his half to you so you can then turn around and contribute the entire property to your LLC?
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3 March 2021 | 7 replies
To that end, I anticipate it will be easier to begin to set up the corporate structure now and learn how to navigate and operate it since it will likely be more complicated in the future - get the system in place while it's still simple.Second, I want to begin to contribute assets and build a profit/loss history with my LLC (business).
7 December 2016 | 9 replies
Find a good mentor or team to work with, learn the ropes, contribute to the team and you'll be miles ahead!
15 December 2016 | 3 replies
Also as a rental:Would only rent for about 2000 but could rent out a room for 700 and contribute my portion to still keep evenThanks so much!!
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2 December 2016 | 12 replies
I do not have a lot of money but I do have a decent salary and can contribute to smaller expenses like marketing campaigns.
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3 December 2016 | 26 replies
I will definitely be networking much more and looking forward to gain more knowledge and contribute any way I can.
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3 December 2016 | 6 replies
I have seen individuals form an LLC; the investor contributing capital and the other member sweat-equity and/or capital as well.