i am looking to set up an LLC owned by my Roth IRA. i would like to find someone who can give me a legal opinion on having debt within the LLC, without having to pay taxes on profit, and compensation within the LLC.thanksjim

Since I know he is going to move on the 7th, do I charge for the 15 days OR 7 days and are there any legal implications or traps I need to avoid.Thanks

Or are there guidelines like the home has to cost more than the current investment to avoid the gains ex. current home worth 400,000.

Or are there guidelines like the home has to cost more than the current investment to avoid the gains ex. current home worth 400,000.

The thing is that the notice is a requirement to actually file an eviction at court, but its worded like you have to get out in that amount of time or face a legal suit.

There are some strict guidelines for example; all expenses on the property have to be paid out of the IRA fund, remodeling, taxes, etc..

In the real world, there will be a bunch of expenses including holding costs, legal fees, etc, etc, etc.

I've noticed that a lot of rehab/hard money lenders have been tightening their guidelines recently, for obvious reasons.

Since a lot of rehab/hard money lenders have been tightening their guidelines, I have been having a difficult time in finding lenders with no BS.

Therefore, I sign all documents as follows:For ABC Rental Properties, LLC,Michael Rossi, ManagerThis is completely legal and morally correct.