All Forum Posts by: Corbin Grimes

I didnt really get any useful information from this thread. Im going to try another avenue. Thanks! :)

Thank all! Couple of notes. We will be doing more than 1 flip at a time. These are bank owned properties we have access to, so not a traditional fix/flip. We haven't decided how we would split profits, we are still working through this.

Hi all,

New to your forum here; so excited I found you and looking forward to getting to know you all!

We are a group of 4 partners in Denver Colorado looking to work together in a formal capacity. Our partners include Accountant/Bookkeeper, Realtor, Project Manager and Investor.

We are primarily seeking to fix/flip bank owned properties in and around Denver. CO.

We are working through a roles and responsibilities matrix to set expectations and move forward in a clear way as to whom will carry what level of responsibility, who will remain just informed/consulted, etc.

We are currently in the "forming" stage of developing our partnership. 

1.) We are seeking advice on the following:

a.) Best business entity formation type (LLC, S-Copr, C-Corp etc.) for us

b.) Best way.tips tricks to reduce tax liabilities for these partners

c.) Best way to reduce legal liabilities (lawsuits, etc.) 

2.) We welcome any introductions to reputable partners or resources that can be of use for this endeavor.

Hope to speak more you you all soon!