If an LLC were to be used ultimately, we would have the issue of DOS clause.So the way I understand land trusts, the use of such a trust would avoid all of the above asa) the trust being the buyer would not disallow conventional financing (as it's not an LLC/legal entity)b) the trustee would be the one signing the paperwork (and that being a person/entity in the US, therefore making it easy, see above)c) any subsequent transfer into an LLC owned by the trust would again be less hassle and possibly not even requiring notarization (is the latter true??)

In short, a good PM can be extremely helpful for subsequent purchases.  

I am just starting out, and the biggest piece of information in all the books and all the podcasts for a successful enterprise is: reputation is everything.

I completed my registration in the office, no one mentioned that I was missing a phone number, and I was subsequently fined $500.

In subsequent posts I'll talk about how I am marketing to find a worthwhile deal. 

Earnings an individual derives from a rental property, limited partnership or other enterprise in which he or she is not materially involved.Generally a bit of a stretch in reality to include residential rental properties but under the definition they are included.None I have ever owned were passive from my perspective. 

Apologies in advance that this is so long.Backstory:I’ve been researching and learning about real estate wholesaling (listening to BP Podcasts, listening to Flip2Freedom Podcasts, etc.) for the last year and finally took the plunge and launched my business in January of this year by creating an LLC, starting a buying and selling website, and am in the process of figuring out a CRM (going to use the Enterprise paid version of ZOHO).I purchased an Absentee Owners list from list source (40%-100% Equity, Last Market Sales Date 2010 and older, etc.) for my target market (which is about two hour’s away drive time) and came up with about 2,000 names.

This used to work but there's a risk that the bank will "accelerate" (or "call") your mortgage as this triggers your due on sale clause & gives banks (or whomever they've subsequently sold your mortgage to) the right to essentially cancel your mortgage at the best possible time for them (i.e., the worst possible time for you).

My question for those of you who own multiple properties: If you take out conventional mortgages on your subsequent properties, how do you come up with the 20% needed for each down payment?

The way this is set up now is that it seems like if I use this new car (and subsequent) cars only a small amount for business and the un-depreciated loss keeps getting added to an ever increasing cost basis of a new car.