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16 February 2011 | 25 replies
I would suggest you meet with your attorney/CPA to discuss the most beneficial business structure for your strategy (i.e. how to legally pay the least amount of taxes).3.Loan will almost certainly have to be personally guaranteed, as far as I know there is no one today that will loan to a new LLC without personal guarantees, there are also some lenders that will not let you hold title with an LLC even if you give them a personal guarantee.4.
22 January 2011 | 5 replies
I mean when they do loan the money it's never a guaranteed buyer in place so could I get a loan based on that?
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26 January 2011 | 28 replies
For now you can personally guarantee the loan, but once you establish a good relationship with the bank and a history of on time payments, they will not continue to require the guarantee.The reason I say this is I am betting down the road you are going to want a business entity set up, so why not go ahead and to the work and start developing it now?
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25 January 2011 | 18 replies
I am pretty good with making the webpage, I'm not too sure about how to put together the actual calculator and have it work in the background to spit out the "offer."
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5 May 2011 | 2 replies
If the notes were signed in the company name (even if they were personally guaranteed) sell the company and finance it leaving the loans in place.
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30 January 2011 | 9 replies
Has anyone been successful taking taking in their entity's name with a personal guarantee lately?
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1 February 2011 | 14 replies
Hi Jake,In my area it doesn't work that way.Our MLS states "information deemed reliable bit NOT guaranteed"That means the "buyers right to their own inquiry".Upon discovery the buyer can certainly bring up any inconsistencies and ask for a credit but the seller nor the listing broker or agent is obligated to do anything.Now where some brokers or agents mess up is filling out the sellers disclosure for them when listing a property.YOU ALWAYS have the seller fill the disclosure out and sign.In cases of banks and estate sales there usually is no disclosure so you simply disclose that fact.I know California operates differently than some states.
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5 February 2011 | 9 replies
LLC is not a problem if you can provide one (better, two) personal guarantee.
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3 February 2011 | 8 replies
If you encounter anything else, then certainly there is good reason to suspect conflict of interest - and as the buyer you should be careful because your interest is not guaranteed to be served.
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5 February 2011 | 16 replies
I am a local Columbia resident, I am not a Realtor and am looking for property for my own personal investment.I can guarantee a quick and simple closing.Looking for property up to 500k.Any numberuld rather wait around for a retail buyer.