I am not very knowledgeable in the areas of LLC's nor hard money loans. I am speaking with a hard money lender for the purpose of funding a flip. He says I will need an LLC in order for them to lend to me. Is this com...
I'm working on getting a loan for a larger MF deal. I'm creating a a single purpose entity (LLC) that will own the real estate. Seeing as the entity has no history or credit and the loan is less than a $1MM. I'm p...
Wanted to know if it is legal to email a borrower. I have the work / personal email (borrower is an unaffiliated realtor) and have not been able to get a hold of the borrower. Wanted to try email, just to get the dial...
Just had a hard money lender claim that all hard money loans would require an LLC. First I've heard of it (but also first time I've looked into hard money). True or false?
Hello!
Looking for advice on possibly creating an LLC.
I'm closing on my first duplex in about 15 days. I partnered with a family member for this. I'll be owner occupying and managing the property, and the family m...
Not sure if this is the right category, but I would like some input. I have an LLC from my pet care business that I recently closed. The accounts are empty yet still open and the LLC is still in good standing, so cou...
Hi guys,Can anybody explain to me please this...Ive heard from one RE investor, who owns about 300 properties, that his accountant files a separate tax return for each LLC/trust, etc (if I understood him correctly)......
Hello BP community! What are your thoughts on using your own name, or nicknames in your LLC company name? I've heard mixed responses.
Does the lender or the debtor initiate the 1099-INT in a family situation like this?
Another thing I thought I would mention in regards to cost segs is they generally increase the amount of tangible personal property, which is really anything but real property and intangible property.The definition of...