To start: I am a GP of a fund which is a corporation investing in mortgage notes.

The only real exception to that is contractors that have all their own subs, and the corporate homebuilders that bring in their own crews to do entire subdivisions.

We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).

We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).

Getting into the story behind this one..This deal was sourced from a large corporate wholesaler (no names) Originally listed as 179,999 as a "wholetail" deal with an "ARV" of 250,000 I walked the house and estimated it needed little in terms of repairs, though I knew a realistic ARV was between 215-230 However, there were tenants in the house without a lease agreement with the current landlord.

Getting into the story behind this one..This deal was sourced from a large corporate wholesaler (no names) Originally listed as 179,999 as a "wholetail" deal with an "ARV" of 250,000 I walked the house and estimated it needed little in terms of repairs, though I knew a realistic ARV was between 215-230 However, there were tenants in the house without a lease agreement with the current landlord.

I've finally hit the required 3,500 points required for the NYS Broker License and I was planning on filing as a corporate broker.

When the cost of an employee isn't recovered by that employee's work, then that employee is gone, or at least placed where their cost is self sustaining.Every property is (or should be as) its own separate self sustaining business, much like Little Caesars has many businesses under that corporate name. 

(I would be concerned about 'piercing the corporate veil' if I intermingle personal with business, but am not sure if the above example is intermingling or not.)

I'll take marginal doors if I like the client, and I will fire clients with beautiful doors if I think they are a PITA to work with or if they suck too much of our time (I will warn them first, and if they don't adhere to the warning, I politely show them the exit.)