Semi unrelated, but being in the biz for over a decade and doing $200M+ in transactions, I've got to tell you guys, Doctors are some of the worst business people out there.

the options I saw were :“Some lenders treat the transaction as a rate-and-term refinance rather than a purchase.

This allows me to easily manage the finances of each property for my clients and I can include automations for transactions going into each property's account. - Rent Collection: Tenants can pay their rent directly to Baselane.

Be sure to fully disclose your role in the transaction, and consulting a local real estate attorney is highly recommended to avoid any compliance issues.

Hey @Anthony Dupre, whatever you decide for your entity structure, ensure it's simple enough for you to easily abide by the structure in your day-to-day operations.We've had bookkeeping clients with complicated structures that apparently protected them to the maximum degree but they didn't abide by the structure when conducting transactions in their business daily (lots of unintentional commingling).

He used a gator lender to put in the money needed to finish the transaction.

I’ve only completed one wholesale transaction before I started flipping.

Tools like Baselane simplifies bookkeeping and tax preparation by categorizing transactions and storing records.Keep personal and business accounts separate to maintain LLC liability protection.Please don't use the same LLC for flips and rentals.

TIAIf you have an electronic record (bank statement, credit card, accounting software, etc) of the transaction the IRS doesn't require you to keep receipts unless it's a cash (took real paper money out of your pocket) transaction for $75 or more.

Perhaps they have E&O insurance, but from the advice I've received, the documents I signed are not normal documents for such transactions.