18 July 2021 | 3 replies
I think maybe this will depend a little bit as to how the property is titled- if you purchased/titled it through an LLC, it's still the LLC that is the owner.
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21 July 2021 | 3 replies
I also have an LLC that I recently created because I know most HML/PML will only lend to a business entity.
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19 July 2021 | 2 replies
This would have to be a personal card instead of business card as I have not yet opened a LLC for the property due to me using the VA loan for purchase (can't quite put the property in a LLC just yet).
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18 July 2021 | 1 reply
I have been receiving conflicting information/advice from several sources regarding the necessity of creating an LLC before/during/after purchasing my first investment property.
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19 July 2021 | 1 reply
We don’t know anyone in the area, but you might want to read our series about “How to Screen a PMC Better than a Tenant”, since selecting the wrong PMC is usually more harmful than selecting a bad tenant: https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesAdditionally, don't treat property management like a commodity and just focus on the lowest price!
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19 July 2021 | 1 reply
After retirement, I launched investment company Dembinski Homes, LLC which approaches residential home sellers directly to sell their home or land in "as is" condition.
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20 July 2021 | 4 replies
@Daniel J HarrisUsually when you purchase a property it is in a LLC for tax purposes (speak to your CPA) not a S Corp.
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20 July 2021 | 2 replies
Thought is we would have an LLC with an arrangement of the ownership of the property would be mine since I am fronting all the money.
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20 July 2021 | 4 replies
Thank you all for the replies and advice.Basit Siddiqi, would this mean that if you are just starting out, set up a LLC and are looking for that first property this would not be deductible?
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22 July 2021 | 7 replies
After purchase I transferred the Deed to my LLC.