We do all transactions and manage all money under the EIN number of our LLC. 

If you’re under contract with a NACA buyer, keeping close communication with their counselor can help things move smoother.

We are novices and moved quickly, so we were not able to put the house under our partnership. 

For a hard money loan, you have to close in an entity, it also helps with your credit being the mortgage is not under your name, with a 700+ credit we can usually get you 80% LTV on a purchase.

I am wondering if anyone out there knows or does DSCR loans for a single property selling for under $100K?

Even more exciting, I’m already getting my second property under contract tomorrow with my partner.A huge thanks to everyone for the incredible content!

@Ricky Sanchez Since your vacant lot is titled under your LLC, a 1031 exchange requires the replacement property to be purchased under the same entity.

@Jorge Liang Closing the loan under your personal name saves about $1,200 in lender points, but transferring the title to an LLC later comes with costs and risks.

Quote from @Richard Schubert: Under contract for my 3rd SFR in Akron, Ohio.

Under Injunction.It’s likely that the Injunction will be overturned.BOI (Beneficial Owners Information) is under injunction, with little warning, a new deadline will be set.