Adrian Chu
Why would developers build on leased land?
31 October 2018 | 8 replies
Eventually he leased the lots to major corporations and local stores who built on his properties, he leased the land for 30 years.
Deborah Drexler
Choosing a Hard Money Lender
26 November 2018 | 5 replies
Has anyone had experience (good or bad) with any of the following: Universal CapitalSummit Capital Management'Sky CapitalAccolendYork FundingCapital 360Sachem Capital Corporation?
Gehmelle Johnson
Buying & Selling Real Estate Discussion
31 October 2018 | 7 replies
Also corporate entities are subject to the laws in the state they are organized.
Brandon Motuk
Refi from LLC to Personal
28 February 2022 | 16 replies
However, there shouldn't be an additional seasoning period required after transferring it to your name unless your lender has an overlay.The following was copied from Fannie Mae guidelines for cash out:If the property was owned prior to closing by a limited liability corporation (LLC) that is majority-owned or controlled by the borrower(s), the time it was held by the LLC may be counted towards meeting the borrower’s six month ownership requirement.
Maben Brown
RealEstate Holding Company
30 October 2018 | 2 replies
You would need separate bank accounts etc for every LLC and never commingle or mix fundsThey have to be run like separate companiesMany people think oh I have an LLC I am good learn the hard way when they are sued and the corporate vail is piercedIt also depends on what you have for assets, if your net worth is minImal I recommend getting an insurance policy (umbrella) with higher limits on it. why go through the hassle of multiple LLC’s ?
Steve Seerey
LLC vs. S-Corp? New flipper with regular w-2
4 November 2018 | 4 replies
Also, since I see you are in California, know that both options are subject to the $800 minimum tax, but California is unique in that it has a 1.5% tax on S-corporations so it is not a completely pass through entity as it is in most states.
Devin Scott
Brrrr! Is refinancing easier when you buy cash?
13 November 2018 | 23 replies
Even though I am soooooo ready to get out of the corporate system, I am nervous it will hurt me when it comes to investing in real estate.
Jacob Fafard
Starting out in real estate (passive long term vs short term)
19 March 2019 | 19 replies
When I first speak to them, I tell them:- I’d like to use their place for furnished corporate rentals of 30+ days- I will furnish it beautifully and maintain it immaculately since that’s what corporate tenants expect. - the tenants are responsible professionals- I will be 100% responsible for all the lease terms- I will handle all property repairs that take less than $200 and 2 hours of my timeIt’s free property management for the landlords.
James Terrell
Simple LLC question
26 March 2019 | 5 replies
Have you also looked into forming an S-corporation?
Jalisha Oracius
New Investor with a FEW questions!
18 March 2019 | 7 replies
The metrics I follow are:Owner Equity - 30% or moreAge of Occupant - 45+Years Owned - 5+ yearsProperty Type - 1-4 unitsExclude Corporate OwnedExclude Trust OwnedOwnership Type - Absentee.