Love it...work hard, plug into the office, plug into the training, follow directions, read the Millionaire Real Estate Agent and Millionaire Real Estate Investor and start your journey.

The nice part with this too is it is now your cash and can be used to buy in an LLC if you desire and if your loan officer allows it. 

You also need to check with your local permitting office to see what would need permits and what would not. 

I spoke with the Tax Commisioners office and they said so long as i am the winning bid, then the owner of the property has a year to pay me back what i bought it for +20% and if they do not i can foreclose on the property 12 months + 1 day after winning the auction. 

—Subsection (a) of section 408, as21 amended by the preceding provisions of this Act, is amend22 ed by adding at the end the following new paragraph:23 ‘‘(8) No part of the trust funds will be invested24 in a corporation, partnership or other unincor25 porated enterprise, or trust or estate if—Pg. 6941 ‘‘(A) in the case of an entity with respect2 to which interests described in clause (i), (ii), or3 (iii) are not readily tradable on an securities4 market, 10 percent or more of—5 ‘‘(i) the combined voting power of all6 classes of stock entitled to vote or the total7 value of shares of all classes of stock of8 such corporation,9 ‘‘(ii) the capital interest or profits in10 terest of such partnership or enterprise, or11 ‘‘(iii) the beneficial interest of such12 trust or estate,13 is owned (directly or indirectly) or held by the14 individual on whose behalf the trust is main15 tained, or16 ‘‘(B) the individual on whose behalf the17 trust is maintained is an officer or director (or18 an individual having powers or responsibilities19 similar to officers or directors) of such corpora20 tion, partnership, or other unincorporated en21 terprise.22 For purposes of subparagraph (A), the constructive23 ownership rules of paragraphs (4) and (5) of section24 4975(e) shall apply, and any asset or interest heldPage 6951 by the trust shall be treated as held by the indi2 vidual described in such subparagraph.’’.

Brazos County Realtors, Mortgage Brokers/loan officers, and current investors plz let me know if you are willing to help with our career transition with knowledge of this market.

Brazos County Realtors, Mortgage Brokers/loan officers, and current investors plz let me know if you are willing to help with our career transition with knowledge of this market.

Hi, I was wondering how an LLC is affected when a manager or managing member is sued & loses.   2 cases, when the manager is a different LLC or when the manager is an individual.    What if the manager that is sue...

Potentially it makes it easier to rent 2-3 bedroom units because people want extra space for office.

If you call a local or regional bank, set up an appointment to speak with a loan officer and they will be happy to explain the advantages of either.