31 July 2007 | 3 replies
You could have the corporation be the sole LLC member and it would be disregarded for federal purposes and all the income would be considered at the corporate level for taxes.
11 July 2007 | 7 replies
You are seeking entity financing---something like this one:Documentation: No Ratio, No Documentation Main Credit Score: 400 Credit History: Very Poor Debt to Income: N/A Occupancy: Owner Occupied, Non-Owner Occupied Loan Amount: $200,000 - $50,000,000 Lien Position: 1st Mortgage Cash Out Amount: $50,000,000 Loan Purpose: Bridge Loan, Purchase, Rate and Term Refinance, Debt Consolidation, Cash-out, Heloc/Line of Credit, Construction, Forward Commitments, Equipment Purchase, Unsecured Loan, Business Loan, Equity Capital, Venture Capital, Credit/Asset Enhancement, Takeout (const-to-perm), Home Improvement - Value After Improvements, Rehab, One-Time Close (const-perm) Property Types: Five Plus Units, Mixed Use, Farm/Ranch, Condo-tel, Retail, Warehouse, Raw Land, Hotel/Motel, Office, Care Facility Housing, Special Use, Industrial, Gas Station, Other Commercial Types, Office Condo, Non-Warrantable Condo Rate Types: Straight Fixed, Adjustable, Hybrid Amortization: 5 Years, 20 Years, 25 Years, 30 Years States: AL, AK, AZ, AR, CA, CO, CT, DC, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY, International Special Features Drive By Appraisal, Borrower is a Corporation, Borrower is a Church, Borrower is a Trust, Borrower is a Foreign National, Non-Permanent Resident Alien Allowed, Borrower Owns Over 10 Properties, Mortgage History Only Reviewed, Bankruptcy May Remain Open - Ch.13, Bankruptcy from Filing Date - Ch. 13, Currently in Foreclosure, (bailout), Borrower with NO Credit Score Allowed, Score Only, No Credit History Reviewed, No Form 4506 Required, No Reserves Required, Gift Funds Allowed, No Mortgage Insurance Required, No Seasoning Required on Funds to Close, No Prepayment Penalty Required, Interest Only Payments Available, Less Than 2 Years Employment, Self-Employed, Non-Recourse Allowed, Recorded Land Contract Allowed, Unrecorded Land Contract Allowed, Less than 12 Months Seasoning Refi, (using purchase price), Leasehold Property Allowed, Less Than 2 Years Employment, Wage Earner, Rural Property Allowed, Seller Seasoning less than 6 months Allowed, No Minimum Number of Trade Lines Required, Less Than 12 Months Seasoning Refi, (using appraised value), Lease Option Allowed Regards,Scott Miller
26 July 2007 | 5 replies
My recorders office has mailing addresses of absentee property owners for the purpose of mailing them their tax bill.
3 October 2007 | 3 replies
The ones that are hiding out there, just waiting for me to find them, figure out just exactly what their higher purpose is, and putting them on the path to reaching their full potential.If I can make some money doing what I love to do, and offer others the property of their dreams, then I figure Ive done something worthwhile.
8 November 2011 | 6 replies
However, there is one trust deed loan that hasn't performed in years, but the investors that made up the beneficiary LLC can not agree on whether or not to foreclose - there is some concern about inheriting liability on the unfinished project (primarily taxes).My question is, for tax purposes, when can I recognize the loss associated with that trust deed investment?
15 January 2012 | 17 replies
I also buy highly leveraged property, but it goes in a different entity for estate planning purposes....
29 February 2012 | 13 replies
Repairs are needed and the seller will most likely want some cash back initially.For the purposes of illustration, let’s say the following:Fair Market Value300KSales Price210KRepairs100KCash to Owner100KWhat no money down techniques are suggested to meet the needs of both parties?
5 December 2016 | 9 replies
I was considering buying one for the same purpose, but was curious how they would turn out and if the videos produced are good enough quality?
20 September 2018 | 25 replies
I said I misunderstood the purpose of the 3 day deal and didn't think there would be calls for additional money and training.
16 February 2015 | 9 replies
In CA, the fee is $800 a year per LLC, just an extra added cost.A more practical approach would be to have a large umbrella insurance policy at very low costs, and base the number of LLCs on the equity of each and the potential liability.One other caution of having a bunch of LLC is that they are under capitalized, funds are co-mingles and can be easily pierced in the courts, negating the original purpose of having an LLC to begin with!