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All Forum Posts by: Josh Staples

Josh Staples has started 1 posts and replied 4 times.

Short-Term & Vacation Rental Discussions

Post: $400,000 PROFIT and NO Taxes 😲 How I turned $25K into much more!

Josh StaplesPosted
  • Rental Property Investor
  • Okinawa
  • Posts 5
  • Votes 2

Nice work, Roar! I'm just trying to surf in your wake!

1 Vote
Private Lending & Conventional Mortgage Advice

Post: Sell property to multi-member LLC to restore VA entitlement

Josh StaplesPosted
  • Rental Property Investor
  • Okinawa
  • Posts 5
  • Votes 2

@Joshua Gillespie No, I was hoping to hear from someone who had done this and successfully restored entitlement. 

0 Votes
New Member Introductions

Post: Just starting out, looking to help

Josh StaplesPosted
  • Rental Property Investor
  • Okinawa
  • Posts 5
  • Votes 2

@Steven Gray @Armando Alvarez Military member getting started in the Eglin area myself. I also like the BRRRR/buy and hold strategy for building wealth and cash flow, but I'll see how it goes as I get started.

@Matt "Roar" Gardner see you Wednesday buddy

1 Vote
Private Lending & Conventional Mortgage Advice

Post: Sell property to multi-member LLC to restore VA entitlement

Josh StaplesPosted
  • Rental Property Investor
  • Okinawa
  • Posts 5
  • Votes 2

I know I cannot restore the VA entitlement through refi, unless I elect the one-time entitlement restoration. My understanding is that I have to sell the property and pay off the loan to restore entitlement.

I'm wondering if I can sell the property to a multi-member LLC (I'm a member) to have the entitlement restored? If I personally guarantee the commercial loan for the LLC, will the VA view this as a refi and not restore the entitlement?

I can’t seem to find the answer to these question, so I’d love to hear if someone has done this.

0 Votes