Remember an LLC is a state designation so you would be classified depending on the setup...i.e. single member LLC (sole proprietor), multi-member (partnership), or corporation (s or c if elected).I am not an attorney and this is not legal advice.

I was definitely not classifying Colorado as a southern state.

And as far as the $10K finders fee route, What type of tax would that be classified as?

And out of those 3-6 return calls, I'll talk to 1-3 homeowners and usually get 1 lease-option deal.It takes my assistant about an hour to copy & paste 100 numbers from online newspaper sites, classified sites, landlord sites, and FSBO sites.

Thank you, J Scott, that helps clarify.If a company is incorporated (Joe's Windows, Inc.) and is classified as a Domestic Profit Corporation, I assume that also means they would not need to be sent a 1099?

Do you classify what you are attempting to do as wholesaling?

hello all Craig here from MN, I'm here to network and share ideas[POST EDITED BY ADMIN - YOU MAY NOT PITCH YOUR SERVICES OR PLACE ADS IN YOUR INTRODUCTION - ADS MUST BE IN THE CLASSIFIEDS]Have an outstanding day!

And we understand how Michiganis these days.As you post to different threads such as classified or anyof the others, and even those you haven't posted to but thatinterest you, you can subscribe to them (down at the bottom)and when someone posts a response to what you've written,you'll get an email.We want you to check back often, don't get me wrong.But we also don't want you to miss a reply.

http://www.chicagotribune.com/classified/realestate/chi-0612290208dec29,0,2354704.storyOriginally posted by "EZLoanz":I found an interesting article written by Robert Bruss that I thought would be of interest...

It'd be easier to classify where to invest if you have a preset budget.