All Forum Posts by: Andrew K.

Several of those tubs look like there is a standing water problem and water infiltration.

What is in that tub in pic #4?  Little black (matches?) and a magazine subscription card?

I believe that is actually meant for small children as a positioner for feeding and also propping them up before they can "sit up" for they can really sit up.  Source: I think I have that exact same pattern on the one I have.

DIG - Diversified Investor Group

https://digonline.org/

I'd also be interested in hearing about issues, if any, with Norristown's HARB (HISTORICAL ARCHITECTURAL REVIEW BOARD).  Are they overly aggressive?  Any tips for expediting the process?  How has Norristown been for working with landlords?

Title the investment in the LLC from the start and personally guarantee the loan. No bank would loan to your LLC that is brand new.

I am not a lawyer or accountant, etc.

Single member LLC? You could characterize the initial capital as a loan and take it back when you need it. Otherwise it would just be distribution to the LLC members.

I would imagine you don't want to get into the habit of freely taking money in and out of the LLC. It would probably make it easier to have your corporate veil pierced if you were ever sued.

Yes buy it in the name of the LLC from the start. If you're looking for some anonymity/potentially obscuring asset searches then don't let your name show up on deed records.

Always best to talk to a lawyer on YOUR side of the partnership and get everything in writing.

It's important that your partnership agreement spell out EXACTLY what you want.  Outlining everyones responsibilities, contributions and potential dissolution.  For example: What happens when a partners dies?  Do you want to be partners with their spouse (if they have one)?  Without that spelled out in the agreement you very might be partners with their spouse and that may be the last situation you want to be in.  I doubt LegalZoom will cover the details that should be covered.

I know stocks step their basis up to value at date of death for capital gains purposes.  I would imagine fair market value would be appropriate.