Talk to a CPA who specializes in REI before doing anything, and have a lawyer who specializes in Corporate Law set up your entities for you.

And I would assume that any good sponsor will incorporate this prepayment penalty into their proformas and projected equity multiples.

@Michael LemMon it’s rarely worth incorporating in a different state for RE use until your portfolio is quite large.

The appointment went well, learned a fair bit, liked the overall concept which was proposed and quoted: a solution incorporating traditional LLCs, series LLCs & trusts in the $7k range.

I had one situation where the paint was only stuck to the top of the fibers.

I just learned that if you start up a company in Puerto Rico and flip a house in California and hypothetically profit 100k on the flip, that since you're incorporated in PR that the USA can't tax that profit.

In other words, by dividing your monthly payment by 4 then paying that amount every week, you would end up paying 4 extra weeks (52 weeks in a year, in contracts to 4 weeks = 1 month in a standard payment), thus giving you an extra 4 weeks.All you have to do is take one month's payment, divide that by 52 and save that amount each week and apply it to an extra payment.The better way is to incorporate an open ended credit line such as a HELOC or credit card to help cancel interest and apply the savings along with the discretionary income towards your payments.

BUT I remember the day that I walked in and bought my son a top of the line carbon fiber Santa Cruz mountain bike.

If you want your LLC to do business in multiple states, you first need to choose a home state in which to incorporate.

I think Rod Khleif does a great job of incorporating the importance of winning the mental game into the themes shared in his podcast and book.