All Forum Posts by: William Lemmond

Looking for "reasonable and experienced" HVAC company to install full system (gas furnace, AC and ductwork) in King of Prussia, PA area and the greater Philly area. Any referrals greatly appreciated!

Thanks for the response! It helps buy I'm still unsure of one thing. You said that as long as I can prove where the money comes from. One person is a friends mom who has money in the bank and I'm assuming would be wiring it into my/my friends account.The other is a "silent investor" who has mattress money to fund the deal. He doesn't want any paper trails coming back to him. Essentially it's a loan from both parties involved so what are the legal guidelines to this?

I'm looking to purchase some deals with others cash. They want to essentially be my bank. One; How do we go about transferring the cash without heavy taxation i.e. red flags. I will be buying through a n LLC/business account that I have with TDBANK. Two; What's the easiest way to structure these deals to protect us both i.e. backing it with real estate.

Deal one for example: Purchase at 43k. Investor wants to loan me 50k with 5 pts attached payable within 3 months. What do I do with that money?? I don't want to show up at my bank and dump 50k into my business account. Then it becomes income? Right? Please help. I'm clueless with CASH and how to cut out u know who.