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All Forum Posts by: Charles Lankford

Charles Lankford has started 1 posts and replied 3 times.

Post: Real Estate Broker in Los Angeles,ca

Charles LankfordPosted
  • Real Estate Broker and Investor
  • Los Angeles, CA
  • Posts 5
  • Votes 3

Hi Eddie, thanks for the good words. It does help to have an aged LLC however when Dun and Bradstreet call you they want to know how long have you been in business not how old the entity is. It some time works well if you can find an old DBA of yours or someone else's in an industry that the banks would favor, not real estate and incorporate it.

Post: Real Estate Broker in Los Angeles,ca

Charles LankfordPosted
  • Real Estate Broker and Investor
  • Los Angeles, CA
  • Posts 5
  • Votes 3
Originally posted by @Eddie Hutto:

@Charles Lankford Welcome to BP, sounds like you have been working the long term for well, long term. Sounds like a great strategy. Does it make sense to purchase an aged LLC when forming an entity?

I'm sure you find a lot of interesting content on BP, keep up the good work!

Post: Real Estate Broker in Los Angeles,ca

Charles LankfordPosted
  • Real Estate Broker and Investor
  • Los Angeles, CA
  • Posts 5
  • Votes 3

I have been a RE Broker in Calif since 1976. My passion has been to assist families in becoming financially independent through a strategic real estate strategy. We assist the family in preparing someone, especially a teenager , in developing the mindset to live in one of the units in a 4 unit complex. In Los Angeles the max FHA loan amount on a 4 plex is $1.2 million. Repeat the process every year for 3 to 4 years. We help the family to set up an Entity such as a Corporation or an LLC. Employment history can be achieved by having the family member to work for the Entity. We assist in helping the family to obtain Corporate and Business Credit which will enable them to broaden their business and investment perspective. We assist families in wealth building by imparting information to them regarding self-directed IRA's, 1031 tax deferred exchanges, tax lien deeds and certificates etc. Benefits of a Home-Based business and other tax strategies.

We have a wealth of information to share.  We believe that we can achieve more by working together.  Lets collaborate.