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Tax, SDIRAs & Cost Segregation

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John Cantu
  • Wholesaler
  • Houston, TX
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42
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EIDL Collateral Confusion

John Cantu
  • Wholesaler
  • Houston, TX
Posted Jun 4 2020, 14:55

Hey everyone. So I got approved for an EIDL in excess of 25k. I know that over this amount requires them to take collateral, the details of which are very obscure. My concern is if I sell any property as a result of my normal operations, am I going to need to let the SBA know every time? Would I be able to get around this if each property is in a different LLC? Thanks.

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