Hello guys,
I have a question and hope that somebody can explain this to me a little more. When is it convenient to have a LLC and what is really the purpose of it? I been reading about it, and feel like I can use i...
I have a home I've been in for 5 years. I want to rent it out to my LLC, stay in the home, pay the rent and write off the expenses. Can this be done?
I'd like to form a legal "company" for my self and my long term life partner for the primary purpose of protecting ownership.
As we prefer to buy investment properties at auction each house typically would be...
For a long time, I envisioned my end game to own 10 Single Family Homes in "A" neighborhoods and eventually own them free and clear and retire off of the passive income. Lately, I have been thinking about what is next...
I have a few questions about when the NMLS license is required when originating and funding Private Money Loans in California:
- I know that it's required for Owner Occupied 1-4 units.
- I know it is NOT required for ...
For those who flip and do NOT hold your properties. How do you label your properties you flip in Quickbooks? Do you label them or create a project? Curious to see what are the best ways based on experienced flippers.
Hi All!We will soon be purchasing a new primary residence. However, we would love to establish a HELOC here (for the purposes of investing) prior to purchasing the new home. My question is are HELOCs always factored i...
Just wanted to throw some kudos out there to the people and team at Deal Machine. I wanted to cancel that service, I've since gone with prop stream after talking to them at BP con, and I used their chat feature to in...
So I have multiple LLC with different EINs so Bank of America doesn’t recognize me as one holder and therefore I get additional fees. Feel there service and customer experience are terrible , so looking for different...
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...