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All Forum Posts by: Lateefah Mathews

Lateefah Mathews has started 1 posts and replied 185 times.

Post: Looking to partner with Land Developers and Builders in Atlanta area

Lateefah Mathews
Posted
  • Realtor
  • Atlanta, GA
  • Posts 190
  • Votes 93

Hey @Kiran Chanda I have a few contractor contacts in the area and would be happy to assist you in narrowing down your search for land. Let's connect to discuss the specifics of the process. Feel free to DM me for more info. Looking forward to helping out!

Post: Investor in Atlanta seeking for more opportunities

Lateefah Mathews
Posted
  • Realtor
  • Atlanta, GA
  • Posts 190
  • Votes 93

Hey @Milos Andjelic Welcome to the community! Are you primarily focused on wholesaling or fix-and-flip investments? I'm open to connecting either way and exploring potential opportunities together. Feel free to DM me or give me a call to chat further. Looking forward to the possibility of making some magic happen!

Post: Can’t find profitable fix and flip

Lateefah Mathews
Posted
  • Realtor
  • Atlanta, GA
  • Posts 190
  • Votes 93

@Steven Barr I totally get your struggle, finding a good deal in this current Atlanta market is like searching for a needle in a haystack. It's the Wild West right now. Have you checked out any other areas, like Gwinnett or even West Cobb, where there might be less competition but still potential for profitable deals? It might be worth a shot to mix things up a bit and look outside of the city to find those profitable deals. 

Post: Will using income to pay downpayment from HELOC pierce the LLC corporate veil?

Lateefah Mathews
Posted
  • Realtor
  • Atlanta, GA
  • Posts 190
  • Votes 93
Quote from @Shane Duncan:
Quote from @Stuart Udis:

@Shane Duncan great post! Most merely create an LLC and believe that in itself offers protection. It's the way you operate your business that's of greater importance. Your acknowledgement puts you way ahead of the curve. While it is difficult to pierce the corporate veil and the standards differ depending on the jurisdiction, commingling of funds is the leading reason why plaintiff attorney's succeed.


Thank you so much for the help. My plan is to keep staunch records for money transfers, and for this large contribution, record it as a loan from me to the LLC. It will pay me monthly payments at a set interest(same as my HELOC) and I will then pay the HELOC off from my personal funds. I want to play it as safe as possible and not have the LLC directly paying my personal bills.


 I totally agree, build that skin-tight paper trail and stay bulletproof! You are definitely on the right path.

Post: Will using income to pay downpayment from HELOC pierce the LLC corporate veil?

Lateefah Mathews
Posted
  • Realtor
  • Atlanta, GA
  • Posts 190
  • Votes 93

Hey @Shane Duncan I know maintaining corporate compliance with LLC finances can be a bit of a puzzle for sure. To keep your limited liability intact, make sure personal and business finances have a clear divide – paper trails are your best friend here.

As for the HELOC: I would consider setting up a formal agreement for a personal loan to the LLC. That agreement would be between you and the company (despite whether you're a member or not) This way, you're covering business needs while maintaining transparency. Keep this in your corporate ledger JIC.

But, and it's a big but, don't forget to loop in a legal pro. They can help tailor this approach to your specific situation and ensure it's all above board. 

Hope this helps a little, as I am not a legal professional. Stay sharp and You got this!

Post: New investor in the Northern Ontario Region

Lateefah Mathews
Posted
  • Realtor
  • Atlanta, GA
  • Posts 190
  • Votes 93

Hey @Ryan Berube Never too late to get started! Welcome aboard! You can utilize the forums under the strategies you are interested in pursuing and find many like-minded individuals to connect with. 

Good luck in your investing ventures! 

Post: First Tax season House Hack

Lateefah Mathews
Posted
  • Realtor
  • Atlanta, GA
  • Posts 190
  • Votes 93

@Andrew Grant Welcome to posting on BP! As many would advise you here, Bigger Pockets has a plethora of CPAs and Tax Advisors to choose from. They post frequently and will be happy to assist.  

Simply use the search tool located at the top right corner of the site. You will have the option of using someone within your state or perhaps out of state. 

Good luck to you and I hope you find the answers to what you are seeking! 

Post: Real Estate Investor

Lateefah Mathews
Posted
  • Realtor
  • Atlanta, GA
  • Posts 190
  • Votes 93

Hey @A Ndihokubwayo Welcome to BP! I went to school near Baltimore ( Towson) and I'm pretty sure the market there is strong, as well as my current stomping grounds here in Atlanta. With that said Atlanta will bring you much success (I'm going to stick with what I know...Lol)!  

Post: Tax Professionals Recommendation

Lateefah Mathews
Posted
  • Realtor
  • Atlanta, GA
  • Posts 190
  • Votes 93

@Mario Richardson Hey it's all groovy gravy, we all have to find our groove here on BP. Feel free to DM me for a tax professional referral in and around your area. 

Hope to hear from you soon! 

Post: Navy Vet setting sailing in the world of RE

Lateefah Mathews
Posted
  • Realtor
  • Atlanta, GA
  • Posts 190
  • Votes 93

@Taylor Boice Welcome aboard friend! 

Please feel free to send your contact information. I am always looking to add a few vendors to my list of referrals.