Legal Entity Considerations: Should I hold my rental properties in an LLC or trust for liability and tax benefits, or does it not make a difference for me?

Sure.Do you have a wealthy uncle that trusts you that would loan you 100% of the funds PLUS closing costs? 

Any experienced flippers or investors opinion's would be greatly appreciated.Scope of Work and Rough BudgetProperty Address: 460 Summit Oaks Dr, Nashville, TN 37221Property Details: 4 Beds, 3/1 Baths, 4004 SqFt, 0.190 AcresPurchase Price: $500,000Target Selling Price: $800,0001.

I would definitely speak with an attorney before selling/disposing of the property prior to the court addressing the joint assets - you could easily open a can of worms.

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

The drawback is you need to build trust and relationships upfront.Both have their place, but private money tends to offer more flexibility, while hard money is more structured and accessible if you lack personal connections.

If it's a verbal tenancy, you have to show a practice of collecting rent that the tenant is no longer abiding by (or perhaps tenant shows up, and honestly states they were obligated to pay rent and haven't done so).When the eviction case is submitted, you give the tenants names, e-mail, phone, address.

The document is pretty explicit with contingencies should anything go sideways along the way though so this helped a lot to keep everyone on task. we've built rapport at this point since we've been in constant communication from when we started but in the beginning, it was a lot of trust in the document.

For example, if I purchase a site entitled to 100 dwelling units under a newly formed holding company and the only thing linking me to it is a shared PO box mailing address on the holding entity, the lender gets alerted.

Creative terms can make your offer stand out, especially in competitive markets.Build RapportPeople are more likely to work with those they like and trust.