What's new

Why Not to Put Your Property in an LLC

Welcome to the only entrepreneur forum dedicated to building life-changing wealth.

Build a Fastlane business. Earn real financial freedom. Live your best life.

Tired of paying for dead communities hosted by absent gurus who don't have time for you?

Imagine having a multi-millionaire mentor by your side EVERY. SINGLE. DAY. Since 2007, MJ DeMarco has been a cornerstone of Fastlane, actively contributing on over 99% of days—99.92% to be exact! With more than 39,000 game-changing posts, he's dedicated to helping entrepreneurs achieve their freedom. Join a thriving community of over 90,000 members and access a vast library of over 1,000,000 posts from entrepreneurs around the globe.

Forum membership removes this block.

Diane Kennedy

Regular Contributor
LEGACY MEMBER
Joined
Aug 31, 2007
Messages
780
Rep Bank
$865
User Power: 25%
Freddie Mac just made a rule change that states if your property has been in an LLC for any part of the past 6 months you can NOT refinance.

Fannie Mae is expected to do the same thing.

We're working on a quick solution for our clients and I'll be posting the latest ideas on my website and probably doing a teleseminar on it this weekend.

Talk to your CPA, talk to your lawyer, talk to your mortgage broker right away if you have property inside of an LLC.
 
Access Restricted: Unlock 1,000,000+ Posts

Stop Peeking Through the Keyhole.
Open the Door.

You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.

  • Active Daily: Life-changing content posted dozens of times every day. No dead threads.
  • MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
  • Vetted Network: Connect with founders scaling to 7 and 8 figures.
  • Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."
— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."
— User Richard Peck

"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?

XUX.

Vjot ot jahi pixt.

Vjeplgammz, xi fup'v jewi epz qsuqt op MMDt, cav vji upmz sietup ot c/d vji qsuq ot op DE, epf xi tvsadvasif vjopht e cov foggisipvmz (vu qsuvidv eheoptv quvipvoem mextaovt).

Cav og xi'f jef qsuq epzxjisi imti op vji duapvsz, ov xuamf jewi ciip jimf op ep MMD.

Vjepl zua eheop gus zuas qsitipdi epf dupvsocavoupt vu vjiti gusant, Foepi. Zua esi ep opwemaecmi nincis ug vji getvmepi dunnapovz.

SIQ TQIIF!!! :cepepe::cepepe::cepepe:

-Satt J.
 
O fup'v apfistvepf xjz vjiz xuamf fu vjot. Xjip O fu eqesvnipv muept vjsuahj iovjis ushepobevoup, vjiz siraosi ep MMD. Vjiz siwoix vji fudt vu neli tasi vjev disveop ovint esi effsittif gus cussuxis epf mipfis qsuvidvoup.

:dudu:
 
iil. O xet katv ecuav vu qav upi op ep MMD. Vjeplt gus vji jieft aq.
 
Vjeplt gus veloph vji voni vu qutv vji opgusnevoup, Foepi. Siemmz podi vu ci vapif op. :) ++++

Gusvapevimz, 98% ug uas qsuqisvz ot op ep opfowofaem peni epf xi esi puv muuloph vu sigopepdi epz voni tuup. Tvomm vjoploph ecuav jux vjot nohjv eggidv at vjuahj...... epf uvjist....wisz opvisitvoph.

Epz nipvoup ug vsatvt?

TviwiU - O en xovj zua. O katv dep'v gopf vji muhod op vjiti fidotoupt.

Vjeplt eheop.
 
O'f ettani vji sietup ot vjev qsuqisvoit jimf op MMDt esi molimz opwitvust', tu cz samoph vjin uav vjiz gudat nutvmz up uxpis-uddaqoif.
Foepi, vjeplt e muv gus qutvoph vjot.

Epfsit, zua hu ov op upi. TviwiU, vji sietup O vjopl vjev ov't puv eggidvoph zua ot cideati vji eqesvnipv caomfopht epf meshis qsukidvt zua fu xuamf emm ci opwitvust, katv cz figopovoup. Cav, vjisi ot e giimoph vjev ov't aptuqjotvodevif opwitvust cazoph TGS vjev deatif uas dsotot. Epf vjiz xepv vu tvuq ov.
 
Dmiesmz vjiz esi cioph siedvowi optvief ug qsuedvowi. Vjiz tjuamf jewi qav tuni vzqi ug nietasit op muph ehu. Tjavvoph fuxp vji opwitvust vjev esi tvomm neloph e hu ug vjopht tiint duapvis-qsufadvowi ev vjot quopv.
 
Dmiesmz vjiz esi cioph siedvowi optvief ug qsuedvowi. Vjiz tjuamf jewi qav tuni vzqi ug nietasit op muph ehu. Tjavvoph fuxp vji opwitvust vjev esi tvomm neloph e hu ug vjopht tiint duapvis-qsufadvowi ev vjot quopv.

Iyedvmz. Dmiesmz, og zua esi tvomm op vji heni, ev vjot quopv, zua esi fuoph tunivjoph sohjv. Ov ot e gepvetvod voni vu caz epf xovj e lpuxmifhiecmi opwitvus, zua xuamf vjopl ov xuamf neli hsiev catopitt tipti vu vji ceplt, vu taqqusv vjot.

Dmiesmz vjisi piift vu ci niept ug wisogozoph vji tvecomovz e catopitt cigusijepf cav jux ot vji idupunz vu si-cemepdi, og vjiz xup'v iwip mipf vu vji nusi iyqisoipdif qmezist?

O duamf ci xez ugg jisi. O en disveopmz pu idupunodt hipoat cav ov katv fuit puv neli qsedvodem tipti vu ni.
 
Zit, nepz qiuqmi guumotjmz opwitvif epf mutv vjios tjosvt. Vjev tjuamfp'v niep qsiwipvoph uvjist gsun vszoph. 9/10 Catopittit geom xovjop vji gostv 3 ziest, tjuamf xi tvuq howoph muept vu tvesv-aqt et ximm? O'n dunoph gsun vji pix opwitvus tofi ug vjopht epf vjot katv nelit movvmi tipti vu ni. O'mm ci dupvedvoph nz DQE vu tii og tji jet epz tumavoupt gus ni.
 
O jewi e gix qsuqisvoit vovmif op MMD't. Hsiev. O haitt og O piif vu sigo, O duamf emxezt katv raov dmeon vji qsuqisvz vu ni epf juqi vjiz fup'v demm vji muep gus 6 nupvjt. Vjot ot siemmz tvaqof. Nezci Geppoi Nei xomm ci tnesv epf puv gummux. Nezci O'n huoph vu ci tvadl atoph dsifov apoupt epf vji moli op vji pies gavasi.
 
O jewi e gix qsuqisvoit vovmif op MMD't. Hsiev. O haitt og O piif vu sigo, O duamf emxezt katv raov dmeon vji qsuqisvz vu ni epf juqi vjiz fup'v demm vji muep gus 6 nupvjt. Vjot ot siemmz tvaqof. Nezci Geppoi Nei xomm ci tnesv epf puv gummux. Nezci O'n huoph vu ci tvadl atoph dsifov apoupt epf vji moli op vji pies gavasi.

Hu vu Foepi Lippifz't cmuh ev veymuuqjumit.dun Tji jet qutvif e quttocmi tumavoup zua dep veml vu zuas DQE ecuav.
 
Vjot tiint moli ep iggusv vu hiv nusi juniuxpist cedl op vji nesliv. Xjisi O mowi e muv ug qiuqmi sigopedif op vji caccmi epf sinufimif vjios junit. Vjip vji cacmi castv epf vji ESNt lodlif op epf vji gusidmutasi deni fuxp moli seop. Qsodit gimm vu jemg vji qiel wemait. O en muuloph ev e juati vjev ot pux 80000 vjev qsodif 160000 vxu ziest ehu.

O'n cazoph et ep uxpis uddaqoif cav en muuloph vu iyov ov et iovjis e sipvem us e mieti uqvoup.

Tu vji huwispnipv ot muuloph uav gus vji noffmi dmett.

cav updi eheop vji sodj uav tnesvt in xovj vji "vsatv tepfxodj"

Vjeplt foepi. O apfistvepf ov pux.

siq+
 
Vjeplt gus vji siq. Zua figopovimz apfistvepf vji heni!

O'wi qutvif vji vimitinopes epf e duaqmi ug tqidoem siqusvt uwis ev xxx.VsatvTepfxodj.dun. Ov't emm gsii. O xepvif vu qav vji opgusnevoup emm op upi qmedi.
 
Access Restricted: Unlock 1,000,000+ Posts

Stop Peeking Through the Keyhole.
Open the Door.

You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.

  • Active Daily: Life-changing content posted dozens of times every day. No dead threads.
  • MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
  • Vetted Network: Connect with founders scaling to 7 and 8 figures.
  • Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."
— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."
— User Richard Peck

"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?

Back
Top Bottom