Foreign corps must also register the corp in Texas and pay franchise taxes here annually.

Franchise Pizza

The seller is ready to do 10% seller carry and I can probably do 3 to 4% down with some partner equity with new financing.I would like to work only with someone who has experience with hotels/motels specifically as I have heard lenders are very picky when it comes to lending for hotel/motel and require experience from the borrower/partnership to even look at a deal.Here is what I know about the property - Asking price - $575k10% seller carry behind new financing.Total of 16 rooms + 3 bedroom owner's/employee quartersThe property went through a lot of renovation in 20132014 room revenue - $182,250Expenses and COGS - $83,979NOI - $98,271Cap rate of about 17% with an absentee owner businessIndependent motel and does not have third-party/franchise agreementseligible for USDA financing but as I mentioned before the new borrower has to have experience with hotel/motels.Thanks

You go ahead and keep on trying to buy under your name, you can get up to 10 loans. your exposed to litigation to save $50 bucks in my state. the cost of forming an LLC. and a $150 franchise tax annually.    

They'll also want to look into you're ability to get the funding for the PIP.If you lose the franchise agreement because you can't fund the PIP, then suddenly your value goes way down.This sounds like a decent value add opportunity assuming the market STR report looks good.  

I looked to buy a Subway franchise years ago, but learned that you basically work for your money instead of having your money work for you.I found money partners, great contractors and someone to run the project while I keep my full time job.  

There are so many variables you really need a good licensed tax professional in your area, not those franchises someone with some letters behind their name and find someone who owns rental property themselves.  

They educate investors on the process of self-directed investing or assist in setting up single-member LLCs for either “check-book control” or to purchase a franchise or ROBS (Roll-Over Business Startup).

If it is a franchise, you need to consider goodwill.  

The owner of a franchise might be a good leader with industry experience and might not be.