All Forum Posts by: Hugh Thompson

My recommendation, flips should be done in an LLC or Corporation with a tax designation of a S-Corp. LTR should be in an (multi-member) LLC that has a tax designation of Partnership(which is default) unless you change it to a different allowable tax designation. On top of that the LLC with the LTR property(properties) should have a general liability policy. This is how I have structured as Florida is a sue happy state.

What are the numbers?

@Eliyahu Ben

Was that $11k fee paid at funding or deducted from loan proceeds?

Hello Jon.

I will DM you.

Has anyone ever heard of or dealt with Pacific Service Corporation as far as investor loans.  Specifically they are in the "Term Loan" business for investors.  Terms seems a little to good to be true with interest rates of 4-6%.  Red flag for me is you need to pay an upfront origination fee of approximately 2% of loan amount before funding.  It cannot be paid at funding or deducted from loan proceeds.

pacificservicecorporation.com