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Updated over 4 years ago on . Most recent reply

User Stats

11
Posts
2
Votes
Mike Cleveland
  • Sequim, WA
2
Votes |
11
Posts

Should we Start a LLC or Other Form of Business?

Mike Cleveland
  • Sequim, WA
Posted

Greetings,

I'm wondering if we should start a LLC or some other type of business to do the following?

We are currently debt free but are wanting to take out a mortgage on the home we own, we are going to purchase Crowdstreet offerings and/or other notes, debt, etc. with the funds. In essence, we would be paying 4.125% for the mortgage and making whatever the funds pay (10-12%). 

We plan on doing this a number of times to acquire numerous paying notes and funds.

But my question is, should we run this through a business of some kind? If so, which one (LLC, corp. etc.) and what would the benefits be?

Thank you.

Mike

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