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Updated over 8 years ago on . Most recent reply

Ann Howell's profile image
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Ann Howell
  • Investor
  • from Houston, Tx
  • Member since Dec 10, 2014
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Ann Howell
  • Investor
  • from Houston, Tx
  • Member since Dec 10, 2014
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Ann Howell
  • Investor
  • Houston, Tx
87
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128
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Tax Liens & Mortgage Notes

Value in an LLC to buy notes for myself?

Ann Howell
  • Investor
  • Houston, Tx
Posted

Hi all - I am interested in buying a notes for myself with my own money in order to hold them for cash flow.  I will likely start with first lien, performing notes.  Over time, I might tackle non-performing firsts or seconds.  I would use a servicer for the notes.

Should I form an LLC for this business? Is there any benefit to doing it through an LLC versus holding notes in my personal name?

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Bob Malecki#5 Tax Liens & Mortgage Notes Contributor
  • Investor
  • Kingston, WA
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Bob Malecki#5 Tax Liens & Mortgage Notes Contributor
  • Investor
  • Kingston, WA
Replied

Yes definitely create an entity like a LLC for all of the reasons listed above, plus most note brokers and funds will not sell to an individual.

Bob

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