For example, what happens if you and your partner decide to go separate ways or decided to do a couple of deals individually?

My vision is to build a second single family home (with garage) on the back part of the lot...and then sell them individually retail via a realtor.

:D I'm an account manager for an Internet based marketing firm - New Homes Section, we provide homebuyers (Realtors & individuals) with information on home builders and their incentives, amongst many other things.I'm very happy to be a part of this forum and I'll try to be as active as possible as I learn to navigate around the site!

I am in the game.My hope is to develop strong professional relationships with likeminded individuals.

That is, my cousin is a millionaire stockbroker, and I have at least 3 other stockbroker friends who service high net worth individuals ($1,000,000+ in their investment accounts).

That said, to be abusive of someone you've never met is absurd and indicative of someone with serious "issues."

Are there three years of tax returns filed in the name of the company (not a sole LLC where the taxes were filed under the individual member's SSN)?

Would the capital gain be better if taken solely as an individual (non llv) ownership of tjhe entity?

If the borrower took out the 2nd knowing that it was not a 2nd that is different than someone forgot to record.There could be liability for the title insurance company if the 1st was not recorded and yet a policy was issued indicating it was in 1st.This one could be fun or a waste of time.John Corey

Measure that somehow indicate critical mass would be very interesting.On a related but different topic (thread is locked I believe).When inviting people to BP the process is pretty simple.