On that note, if you have an LLC. make sure you are following the rules and not piercing the "corporate veil".

If I don't set things up right it's easier to pierce the corporate veil and come after my assets.I'm not opposed to opportunities, I was operating in the frame I would only seek triple net leases until I could step back from practice but I'm much more open to other asset types now.

What I like most is she actually takes the time to make sure you understand why she sets things up the way she does and how to handle the LLC to make sure you don't pierce your own corporate vail.

So any liability created by one LLC (say slip and fall in a rental property) risks all the assets of that LLC, but nothing outside that LLC (assuming you haven't pierced the corporate veil: http://www.businessdictionary.com/definition/corpo...).  

There is a wealth of information on "piercing the corporate veil" which you can research in the context of your home state. 

I am a wholesaler based out of Pierce County, Washington (state) and was curious.I am aware that agents can help with comps, but what else?

I host weekly events in Pierce County, at my office in Puyallup.

However we are in Pierce County.

@Dino Pierce  @Arun IyengarI think I Understand.It should be spelled out, clearly, in the operating agreement.It would/should be structured as equity based on 1.5-2.5% of the cash flow & 1.5-2.5% Of the entire disposition profit.Hopefully this helps,Dino

I'm not an attorney, but my understanding is the use of personal funds is the first step toward piercing the veil on liability, essentially losing any protection from liability the LLC provides and putting all of your personal assets at risk.I'm sure there are some smarter people on here that can explain it a little better, but that's my interpretation.Stephanie