Hey Levi,Tim Hendricks also in Nashville.

The HOA has been revitalized with a new property management team as well as a law firm starting to garnish, levy and set up payment plans for people.My plan is to go in and buy these distressed condos & town homes for what seems like a good price and convert them into a retail sale.

I had always thought that even multi-member LLCs are pass through entities and no taxes are levied at the LLC level even though you do have to file form 1065 to report earnings.

. $88,000 current lien ($85,660 after I pay four months )2,340 payments by me to pay lien15,000 fix costs3,000 carry costs (interest)4,200 real estate sales commission1,855 closing costs (deed prep, excise and transfer tax) $112,055 total expenses$140,000 sell price$27,945 profitI never purchased this way.

. $88,000 current lien ($85,660 after I pay four months ) 2,340 payments by me to pay lien15,000 fix costs3,000 carry costs (interest)4,200 real estate sales commission1,855 closing costs (deed prep, excise and transfer tax) $112,055 total expenses$140,000 sell price$27,945 profitI never purchased this way.

If you are doing the inspections it is critical an adult is present in the unit and that you have another person there with you for the inspection.If any claims by the tenant were ever levied you then have a witness for court.

The tax is levied against the real property asset, not the individual, living or deceased natural person or entity.4) In order to create a lien hold position, a suit would need to be filed and judgment entered in favor of me, as creditor.

As far as going south, as Jeremy Shepherd  mentioned, talk with  @Levi Bennett.  

Levy Riley and I am a Chiropractor near Jacksonville, Fl.

Levy Riley I am also into wholesaling properties and I have 3 local agents that I will use on a rotation basis.