How good does my business credit have to be to get a mortgage?

July 22, 2010 by admin · Leave a Comment
Filed under: Renting & Real Estate 
business
Average Joe asked:

I have a small real estate company and have been buying property in cash up until now. With the market the way it is, I want to expand because there are a lot of good deals…but I will need a mortgage. How difficult is it to get a mortgage with my business credit and not have my personal credit cosign? What type of income and credit will the business have to have? Thanks.

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What is the best business entity for real estate with rental income?

May 8, 2010 by admin · 3 Comments
Filed under: Renting & Real Estate 
business
jay asked:

I’m currently setup with an LLC on my rental properties. I want to keep the liability protection of an LLC, but have the ability of the business entity to file its own tax return and pay its own taxes while still taking advantage of the normal depreciation write offs and everything else. I want to be president of the business entity while taking a “0″ salary. Essentially I want any and all rental income to show under the business while I merely control it taking absolutely no income or salary personally.

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What is my legal responsibility to remove business listings from internet after selling home?

January 21, 2010 by admin · Leave a Comment
Filed under: Renting & Real Estate 
business
Steve asked:

Sold my house. Did change of address. Contacted suppliers for my home business of new address. New owner harassing that when he googles the address my business name still appears linked to the address. Tried to contact these web sites/businesses (trying to be nice) and cant get through to some of them. They are fly by nights or spammers. Do I have any legal obligations?

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