Sentences with phrase «under llc»

After going back and forth with Quicken Loans I just got a call from the agent and he offered me the following for my SFR which is registered under an LLC:

I was basically trying to see non-owner occupied purchased under a LLC (or some sort of entity) in the last 6 months.

I'm ok not buying under an LLC especially since it's my first property.

I think I'm going to owner finance it for a year or 6 months first so I can buy it under my LLC instead of my personal name.

I'm assuming after seasoning for 6 months or a year, I can apply for traditional financing under my LLC and make the purchase.

you would need to re-qualify property under LLC... you will need a good lawyer for that.

There are many investors here i am sure that do not have the business under an LLC and are considered sole proprietors.

The hard money lenders require an LLC to lend to, but then when I want to refi into a conventional loan, I wont be able to do so under the LLC as I'd have to get corporate loans which may require more money down..

I have a few rentals at the moment all under my LLC.

My conventional lenders will not let me own property under my LLC but I recently switched to commercial lenders and they have no problem with me purchasing property under my LLC.

At this point, I can't go back in time and re-buy the property under the LLC.

Ask people on BP that buy under LLC names in your area or read my previous reply to you.

I would like to be protected against liability therefore think I should put the home under my LLC.

@Varinder Kumar I'm an insurance agent, not an attorney or CPA, so I can not speak to the legal and or accounting requirements or tax benefits of a property being listed under an LLC.

The conclusion I came to after speaking to other investors, an attorney, and a lender, was that the right way to do things is to buy the property under the LLC and obtain the financing through the LLC.

This person is also not listed on Sunbiz under the LLC owning the house either.

What is the pro and con of write a check (cashier check) out of my personal account right now, but P&S and everything else is under the LLC name?

With 9 rentals I would certainly recommend getting an umbrella policy especially if you don't have them under an LLC.

I intend to purchase this property under an LLC.

It doesn / t reduce the protection for a single member LLC owner from debts due under the LLC, it reduces the ability of an owner who has debts outside of the LLC to protect his assets by placing them into an LLC.

My property is not under an LLC, and I don't have time to go through that process at the moment, because it adds another layer of complexity, but mostly because it will take up more time, and as mentioned, the seller wants to conclude a sale soon.

I have a question about that (ill do more research following your reply, of course), did you place your multi-family under an LLC while you lived there or was it under your name?

What if I have my property under my LLC and use the same LLC to flip?

Still haven't had a chance to listen to this one yet, but @George Bittar, the HUD contracts may not be assignable, but someone mentioned in a recent podcast how they will create an LLC, sign the contract under the LLC (so the business has the house under contract) then just sell the LLC to his buyer.

Would that separate a tenant who sues the LLC from potentially trying to get my new house, which would not be under the LLC, as well?

I was originally under the impression that this practice was illegal, but I was told that you can get around this by acquiring the apartments under an LLC.

So what are you loan options once you have exhausted the 10 financed properties under Fannie OR want to finance under LLC?

@clay smith - that's one of the biggest reasons I want to put this under my LLC, to buildbthe business cresit for it

@whoever you are... It 100 % called a «QUICK CLAIMED DEED» And YES can very much be taken out of any personal name and placed under your LLC.

@Mike McCarthy Either way, whether you decide to put the property under an LLC or keep it as an individual, i can not stress the importance of having a good insurance policy in place.

And it's hindering me from acquiring funds because I want to begin under an LLC to acquire business lines of credit.

Then you purchase property under LLC, while the lending institute will look at you for financing to the LLC and they might get a personal guarantee from either of both of partners if they desire.

I already have my 1st investment property under an LLC owned by me and my wife, the property was purchased cash a few months ago.

One thing in particularly is the legal entity, where I see people say buy properties under LLC for asset protections and tax breaks, but I also it's impossible to get a loan from bank using LLC.

If the investments are all free and clear (or with non-recourse commercial financing) under an LLC, then yes I could see perhaps some benefit.

Under this LLC I owned and operated Bumbie «s restaurant and Greenscape lawn service.

This was improper service under the LLC Act.

The debt was under my LLC.

Am I limited in my rights because the card was under a LLC?

S - Corp is useful mainly for those who want the limited liability and can not work under LLC (lawyers, doctors, accountants, etc), or those who want corporate structure and pass - through taxation (avoiding double taxation).

If B LLC ceases to exist - it is not going to have it's sales run under A LLC, since there will be no sales to run for a non-existent company.

I have operated as a consultant under my LLC classified as an S - Corp, of which I am the sole owner and sole employee.

If I invest profits from my operations into stocks and bonds under the LLC can I sell private shares of my LLC?

Due to a change in my job in late 2014, I had to move from a W2 consultant relationship to one where I worked under an LLC.

For two years, she has published her ebooks under the LLC called Fog City Publishing.

Right now, it's a catch - all that includes everything from sizeable - but - not - Big - 5 traditional publishers such as Kensington to newer digital publishers like Open Road Media to authors who also publish a couple friends under an LLC first created for their own books.

This may give the client more control over how he or she invests the funds and also provides some of the legal protections that come from investing under an LLC (as opposed to as an individual).

Due to a change in my job in late 2014, I had to move from a W2 consultant relationship to one where I worked under an LLC.

Under an LLC, the members are protected from liability.

Finally, even if you had registered your LLC in Pennsylvania, you are not conducting business under your LLC name, so it would not offer you any legal protection anyway.