If they charge your CC $100k your DTI will be affected and you may not be able to refinance.Why would you not just get a loan on the property in the first place - the lending requirements are the same if you buy new or refiI am not a lawyer, but I am pretty good with contracts.

Bill Gulley a lawyer I once talked to said it is good to do flips in a C-Corp because you avoide something called "trader or dealer" status.

I wanted to do this myself without all the crazy cost that lawyers charge.

Good Luck.BTW, you have to make sure the address is changed yourself, DO NOT depend on lawyers, double check.

Does anyone know if I have to use an agent or a lawyer to write an offer to a FSBO seller in Ohio?

For instance a local RE agent might know of a client of theirs who is an investor looking for a partner or at least refer you to a good attorney, lawyer, etc...

www.affordableclosing.com this company is through connected investors an their all over Florida ,also have a lawyer if needed.

That's all fine and dandy until things go wrong and then the lawyers get involved and the "fit will hit the shan" as they sometimes say!

However, scenarios we will face are more likely to be tenants like i deal with that are pretty much paycheck to paycheck and dependent upon a contingency fee lawyer who will soon find out if there is anything worth pursuing before exiting the case.Regarding an LLC per property or an LLC at all, the advice was again the same.

You could pay a lawyer to set up a partnership one time and then replace the name of the partnership provided nothing else has changed.