All Forum Posts by: Tony Bishop

I am thinking about adding some additional asset protection beyond US based LLC's and holding companies. I am interested in getting some opinions about offshore LLC's. What are the pros and cons? I realize that the protection is better than US based LLC's. But have concerns about how the IRS views these companies? I plan on paying my taxes. I am not trying to hide money, just protecting my assets.

Thanks

We have two projects (87 townhome pads and 147 single-family home lots) that we are ready to raise money. The land is under contract and we have started the zoning approval. We have LOI from a builder on the townhome project. The townhome project --we need to raise $2.5M. The single-family deal-- need to raise $4.8M. First-time syndicator with 30 years experience in similar projects (land development).

The question is what is the best way to raise money? We are prepared to raise via our current contacts but have started discussions with a broker-dealer that said they may be interested. Any negatives of using a broker-dealer? Or is it better to raise money ourselves?

Thanks, Alina.   

My partner and I are ready to start raising money for a real estate syndication. We want to hire a person to help us raise money and manage investor relations.  I realize that we cannot pay this person on a transactional basis (commission only) for raising money and that they must have additional responsibilities other than raising money.  My question is can we pay them to handle fundraising and investor relations?  Would this arrangement be compliant?