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22 November 2014 | 6 replies
You should not use your name (first and/or last) in the name of your business (LLC, corporation, etc.)
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14 January 2017 | 17 replies
Programs available may work in concert to pay costs up to a qualifying level.Very low includes shelters as well, there are HUD grants as well as public, not for profit organizations, religious and private foundations and generally carry corporate sponsors for non-profit housing providers.You may also be speaking of the more lucrative side of low-mod housing under Section 42 of the Tax Code.
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26 November 2014 | 8 replies
All this, in this thread is IMO, I'm very familiar with RE license requirements and there are no exemptions for retirement accounts, they apply to "any individual or corporation".
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23 November 2014 | 6 replies
In order to properly be prepared for a loan its best to get the below areas reviewed WAY in advance of ever needing the financing (12+ months in advance):- Schedule E (rental properties and passive income)- Profit and Loss - year to date - to make sure trending income is same as prior year and or higher otherwise we'll be using "worst case income year to date / total months to date"- corporate tax returns (1120 c corpporations or 1120s s-corporations)- underwriter will review the balance sheet to make sure there are no short term liabilities that will come due that could affect the "cash flow," of the corp or LLC/entity because if it does it means the borrower may not be able to pay the obligation thats being applied for etc.This is the reason why there is a need for stated programs is because most lenders are people persons and sales people not financial analysts.
23 November 2014 | 2 replies
Are wholesalers considered independent contractors, or do you form some sort of entity ( LLC, Limited Partnership, Corporation, etc.)?
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24 November 2014 | 5 replies
Also, any idea about possibility of making it a fully furnished or "corporate" rental?
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4 February 2017 | 13 replies
You can also set up your business as an S-Corp (even more protection overall, it offers the benefits of a corporation but you don't get double taxed with the S election the way you do a C corp) and that S corp can "own" each of the LLC's that each hold one property.
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22 December 2014 | 126 replies
@Karen Margrave Another great way to get CA properties to cash flow is through short term, corporate housing.
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15 January 2015 | 2 replies
Here is what was in the email:A California Superior Court has ruled that an out-of-state corporation whoseonly connection with California was its 0.02% ownership interest in a LLC wasnot "doing business" in California and therefore was entitled to a refund of the$800 annual franchise tax, interest, and penalties imposed by the FTB.
27 March 2020 | 43 replies
I had a career in corporate sales and not everyone can do that.