Well, my professional background experience consist of 20+ years in the corporate world in the "Project Management" arena.

The borrower is a corporate entity.There is also a lot of scams on the Internet concerning MTNs.

It has been suggested that you might find that employee benefits are more flexible with a more traditional corporation.

Maybe I can somehow get both under one corp or LLC.

Well I could see that theoretically if you were buying the property with any type of entity, whether that be a trust or a corporate entity, and that entity was listed as the buyer on the contract you could assign (or rather sell I guess) that entity to your prospective buyer/assignee.

IMHO, estimates provided by contractors, licensed OR unlicensed, corporate or one-horse operations, are pretty much a crap shoot.

my friend doesn't have any money either, its just that he is willing to take the risk & the big reward on the rehabing side of the dealme i don't want to take the risk on the rehab side of it (especially on this property), i just want to get the property under contract to flip it to him for say 5-to-10 thousandnow the property i believe is'nt owned by a bank, its owned by some corporation which i'm having a hard time finding info on them and how they come to own this particular property, and why their willing to sell this property this cheap and etc (actually after some more digging i think the company is a lawyers office or something, because that is whats coming up as the owners of this property, so i don't know if it really is a bank behind this deal but their using this law firm to dispose of it for them or what)now i couldn't find the name of this corporation, but the address i got off the tax assessors record, i researched it and the building is nothing but a bunch of law firms and etcits just that all the stuff i've read on wholesaling nothing really stated anything about having to come up with that much money just to get a contract on a property and etc. i know what earnest money is but most of the stories i here is people using between 10-100 dollars or so just to tie a property up..............now is mine higher because of the real estate agents lack of trust or something

Worst case being that the signor would have to prove with the corporate documents that they have the right to sign.With my initial studying of this technique I have some concerns with it.

the entity part is relatively easy, but you MUST start with a vision for how you're going to make money FIRST.vague ideas of owning multi family houses and "maybe" turning houses over for a "decent gain" is not a plan.starting up the LLC or Corp or whatever is second to a plan.

You can be taxed as a corporation I (the other options for a mult-member LLC).As you noted at the start, best to talk to a tax attorney.The LLC might pull forward some expenses for future business.