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15 February 2024 | 2 replies
Good morning all,
I'm reaching out to tap into the collective wisdom of this community regarding a potential investment opportunity I'm considering. As an overseas investor, I've been carefully evaluating different o...
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17 February 2024 | 5 replies
It may lend you a little privacy, but folks who want to find you will just look up who created the LLC and then find you.That being said, in MO, they are incredibly easy to set up, and are not that expensive to establish (~$50 last I checked, although that may have gone up) and doesn't require any input from an attorney or tax professional (in my state)Personally, I have an LLC bc I pay myself through an S-Corporation as a realtor...the savings come out in the wash, but it allows me to pay taxes quarterly and avoid end of the year surprises.Another reason you may need an LLC is if you are investing with partners, and/or seeking certain loan types ( I know hard money lenders often require an LLC)Once again, this isn't my wheelhouse, so at the end of the day, I would reach out to a tax professional to learn moreLong answer short: in my opinion, you do not need an LLC if your plan only involves renting out your inherited home
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18 February 2024 | 47 replies
I go to a lender (whichever type you prefer or have access to) and find out how much I can get.
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16 February 2024 | 5 replies
Would love to hear more about the types of properties you are intersted in.
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15 February 2024 | 12 replies
Perhaps there is someone who can serve as a co-guarantor?
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16 February 2024 | 1 reply
I'm still learning about this type of lending but the appeal to me is that they don't consider personal income or tax returns, it does not need personal debt-to-income ratio qualifications, it's collateral based borrowing..
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17 February 2024 | 7 replies
I know I need to set up a trust and an LLC as my business shelter, but right now it doesn't make sense to spend that kind of cash before I have actually anything to protect.For wholesaling an LLC is not as important becuase your trip and fall type liability is low.
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16 February 2024 | 1 reply
What made you interested in investing in this type of deal?
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17 February 2024 | 17 replies
Will it be appealing to many different types of buyers.
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15 February 2024 | 7 replies
You would file the complaint and then you would need to have it served.