Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 10 years ago on . Most recent reply

User Stats

21
Posts
2
Votes
Janette Vogel
  • Investor
  • Hudson, FL
2
Votes |
21
Posts

Vit Finance LLC

Janette Vogel
  • Investor
  • Hudson, FL
Posted

I am wondering if anyone has had any dealings with Vit Finance LLC and or George Lycos? He claims this business is "fully registered" located in Reno NV. This is part of the email I received after contacting him:

Company Info:

Company name: VIT FINANCE LLC

Entity Number E0139942011-5

Status: Active

Business Type: Limited Liability Company

Business ID: NV20111170174

When I checked into this business, it IS a registered business but this man's name is nowhere on it. He claims to be a Senior Loan Officer or Lender

Checking further I come up with this info:

Officers

Manager - SEGUROS MANAGEMENT LTD.
Address 1: PO BOX CB11148
Address 2:
City: NASSAU
State:
Zip Code: NP
Country: BHS
Status: Active

  • Registered Agent

    Name: NEVADA COMMERCIAL REGISTERED AGENTS LC
    Address 1: 235 WEST PUEBLO ST
    Address 2:
    State: NV
    City: RENO
    Zip Code: 89509
    Phone:
    Fax:
    Mailing Address 1:
    Mailing Address 2:
    Mailing City:
    Mailing State: NV
    Mailing Zip Code:
    Agent Type: Commercial Registered Agent - Limited-Liability Corporation
    Jurisdiction: NEVADA
    Status: Active

    Is this company for real or a scammer?

Most Popular Reply

User Stats

4,613
Posts
2,995
Votes
David Dachtera
  • Rental Property Investor
  • Rockford, IL
2,995
Votes |
4,613
Posts
David Dachtera
  • Rental Property Investor
  • Rockford, IL
Replied

@Janette Vogel,

I would avoid them more for ethical reasons than any other.

What they're doing looks legitimate to someone like me who is not a legal / tax professional. Vit Finance LLC, being essentially a pass-thru entity, can "channel" its income to the offshore entity. This is a tax dodge which makes me distrustful of them.

For all I know, it may be perfectly legal. It's the ethics of it which bother me.

Loading replies...