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Updated about 12 years ago on . Most recent reply

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Thelma Garwood
  • Gresham, OR
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what is the best way to submit offers to the bank

Thelma Garwood
  • Gresham, OR
Posted

Hi guys I'm submiting offers to the bank but I would like to know what is the best way with the LLC or on my name if i going to flip to cash buyer

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Will Barnard
  • Developer
  • Santa Clarita, CA
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Will Barnard
  • Developer
  • Santa Clarita, CA
ModeratorReplied

The selling bank can care or less if your offer is vested in your personal name or an entity.
The following advise is from a liability and asset protection standpoint.
You should be flipping in an entity and with adequate insurance always, not in your personal name. Some have argued this, but there is NO upside to doing so in your personal name and plenty of downside.

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