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Creating Your LLC  

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Daniel Moore
(@danielpropelio-com)
Member Admin

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This topic was modified 3 years ago by Thomas Merhout
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Posted : 30/04/2019 9:55 pm
Tbone
(@tbone)
Active Member

he said something about downloading info but how no links

ReplyQuote
Posted : 21/06/2019 11:48 pm
Daniel Moore
(@danielpropelio-com)
Member Admin

We have not put together all the downloads yet - that will come in the next phase - we are running on a small team trying to accomplish big things.

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Posted : 27/06/2019 6:47 pm
cfelix3030
(@cfelix3030)
Newbie

how would you a purchase contract with your LLC?

Ex. 1) Member of ABC Investments LLC
2) Abc Investments, Member
3)Abc Investment John Smith

ReplyQuote
Posted : 16/10/2019 2:01 am
cfelix3030
(@cfelix3030)
Newbie

Sign*

ReplyQuote
Posted : 16/10/2019 2:02 am
Daniel Moore
(@danielpropelio-com)
Member Admin

No legal advice here, but contract would be in the name of the entity, My Entity, LLC, and signatures would be:

My Entity, LLC
A Texas Limited Liability Company
Acting by and through it's duly authorized member, FULL NAME OF MANAGER/MEMBER (or manager if manager managed)
By:____________________________________
Full name of MANAGER/MEMBER, Authorized Member/manager

ReplyQuote
Posted : 18/10/2019 9:16 pm
quez17
(@quez17)
Newbie

Question?

If you make this your full time business or even part time. If you can’t intermingle funds how do you get money from your business to use for your self. Also do you need to get your llc before you do your first deal.
Do you need to have 2 separate phone numbers for this business like you do wholesaling. One for cash buyer and one for seller and do your need two separate business cards for the 2.

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Posted : 07/02/2020 2:56 am
Daniel Moore
(@danielpropelio-com)
Member Admin

I wuld confirm with CPA and attorney, but you would be required to pay yourself reasonable salary, then any additional profits from there would be distributions from the LLC. Do not hve to llc first. I wouldnt worry about the phone, just run it like you would like. Same for the cards.

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Posted : 21/02/2020 4:00 am
Nantucket40
(@nantucket40)
Newbie

Go on you tube and u see the information to download

ReplyQuote
Posted : 23/04/2020 5:46 pm
lcfleming11
(@lcfleming11)
Newbie

What great intro! Already so much content! Can I ask questions here? Will this owner financing work in higher prices markets, specially California, or would it be better to buy out of state using this strategy? With the possibility of higher rates of foreclosures on the horizon, will this strategy be a double edge sword because homeowners will have trouble paying their mortgage, including those in our own portfolio?

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Posted : 23/06/2020 4:55 pm
Daniel Moore
(@danielpropelio-com)
Member Admin

All great points you are bringing up. This strategy is more challenging in higher priced markets, but a deal is dependent on the numbers. You will likely find more deals in a lowed price area. With your concerns for the upcoming foreclosure wave we will likely see - always have alternate exit strategies - turn it rental, turn it abnb, roll it over into another buyer and take property back deed in lieu. All options to consider to stay protected.

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Posted : 20/08/2020 9:23 pm
JC
 JC
(@jc)
Newbie

Thanks for sharing. Really helpful!

ReplyQuote
Posted : 24/08/2020 4:39 am
robertkvalheim
(@robertkvalheim)
Newbie

At the bar or restaurant can you use bank and write it off as business expense.

ReplyQuote
Posted : 12/10/2020 3:16 am
Daniel Moore
(@danielpropelio-com)
Member Admin

You would need to talk to your CPA as there are qualifications that need to be met as well as some exclusions, but yes with those rules in mind you can. (alcohol is not covered)

ReplyQuote
Posted : 16/10/2020 5:35 pm
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