LLC Content Index - Page 1

There are several vehicles you can use to start a business. One way is to is to set up a limited partnership, corporation or limited liability company. For real estate purposes, most people agree that a limited liability companies gives its organizers the most flexibility in terms of structure and for income tax purposes. An LLC shields its members from claims from creditors and litigation matters. The LLC also permits the tax benefits of the LLC to flow directly to its members. Learn more on this page about when you should set up an LLC and what is involved.

**Refinance Fees: How Much Is Too Much?** When you're refinancing your mortgage, how much should you be paying in refinance fees? It can be hard to tell what fees you're paying to the lender, what is prepaid interest, and what are the other costs of the loan. Refinance fees, especially for prepaid interest, can add up to the closing costs of refinancing your loan. Have your lender explain exactly what all the refinance fees are going toward before you make any decision about refinancing or canceling your refinance.

**8000 Tax Credit First Time Home Buyer Requirements: Buying From A Relative** To qualify for the first time home buyer tax credit, you must follow the 8000 first time home buyer tax credit requirements. There are specific rules against buying a house or receiving a home as inheritance and qualifying for the 8000 first time home buyer tax credit. If you buy a house from a more distant relative's estate, that might allow you to qualify for the first time home buyer tax credit. Consult with your own attorney to make sure that you are following the 8000 first time home buyer tax credit requirements.

**Selling A Home And The Due On Sale Clause** If you are selling your home and are not planning to pay off your loan, you should know that your loan probably has a due on sale clause. The due on sale clause allows the lender to call the loan due. The lender can accelerate the payments owed and force you to pay off what is owed on the loan. If you are the lender on a loan and your borrower sells the property without getting your permission, you should make sure your loan documents have a due on sale clause.

**Getting financial help on a budget.** Thousands of people come to ThinkGlink.com for financial and personal finance help. If you are in need of financial help and you are on a budget, here are some tips that might help you. You can also think about your financial future and use the information on our site to help you out. You can visit with a top consumer credit counseling service, take advantage of all of the free financial help on ThinkGlink.com and check out some of our free books and other products at the [ThinkGlink Store](http://thinkglinkstore.com/).

Are government bonds safe? With the economy in recession, it's natural to worry about where you are putting your money. Government bonds are almost always a safe bet, but you shouldn't expect to see a great interest rate.

Getting answers about your income account. What are you supposed to do when a broker seems unable or unwilling to provide you with details about one of your accounts? You do have options: get in touch with a manager, use a different representative or find public data using another company's information. You should always feel as though you are benefiting from the very best customer service.

Ilyce Glink Show Notes - November 15, 2009. Today on the show, we discussed the new Fannie Mae Deed For Lease Program in Detail; the new CreditKarma Survey on credit card debt; The October 2009 Realty Trac Foreclosure survey; Divorce and Mortgages; Mike Rose, a senior loan officer with Bank of America, came on to talk about some of the new mortgage rules with regard to divorce and FHA; Peggy Abkemeier, President of Rent.com discussed a new survey of investment property owners. NEW EBOOKS ON INVESTING IN REAL ESTATE; EBOOK SPECIAL.

**Bad Neighbors Fight Over Access To Yard** Neighbors can turn into bad neighbors when fighting over fences or yard access and maintenance issues. The best way to deal with a bad neighbor is usually through communication, but you may be able to get some legal help. Look up your local ordinances to see what kind of rights you're given to your neighbors land to maintain your own property. A bad neighbor can ruin an otherwise perfect home for you, so try to resolve bad neighbor situations so both neighbors are happy.

**Home Buyer Tax Credit Cut-Off Dates: Do I Qualify?** The $8000 first-time home buyer tax credit has been extended and a new $6500 trade-up buyer tax credit was expanded. Some home buyers are upset because they don't qualify for the home buyer tax credit. It's unfortunate that some people just missed the cut-off dates for the home buyer tax credit, but the tax credits have to begin and end somewhere. Do you qualify for the home buyer tax credit?

**Should I Refinance My Mortgage?** Mortgage interest rates keep falling, now below 5 percent. Should you refinance your mortgage? It's more difficult to get a mortgage refinance in today's lending market, but it might be worthwhile to try to refinance your mortgage. Will it reduce your monthly mortgage payments? Will a mortgage refinance shorten the term of your loan? You need to determine why you want to refinance your mortgage to determine the best refinancing scenario for your loan.