Want a lawyer to help set up LLC correctly.

Would it be a good idea to start an llc to do the deals through?

Has anyone heard or aware of this group, I believe they are a subsidiary of Ocwen.They have one product that is Line of Credit for LLC business: LOC-500K- $5mm ,FICO Score 650, LTV 70% or LTC 80% of purchase Price, Origination fee 1% of Line Amount, Closing Fees $1,850.00.Liquid Assets Required of your Credit Line 20% Example: 500K at 20% 100k Liquid Assets.Rate 9.95%Line is open for 2 YearExample if you get 500k LOC 1% of equal is $5,000 plus Closing fee $1,850.00.Looking at $6,850.00 before you get the money.Any Opinions on this would be appreciated, sorry for the lengthy @ mail and maybe some of these questions need to be posted in different Forum Page.Kevin Koy

You can't put a LLC in jail. 

a deduction is a deduction regardless of the entity you use, but there are arguments for a C corp or a flow through  (S corp or LLC). 

@Rich Ng I have this property under an LLC, but it is a single member entity.

Should I start and fund a business (LLC) before acquiring my first property?

Real Estate Investments LLC in Ohio.If you have any knowledge about this man/company could you send me a colleague request so we can discuss. 

if you see @Anthony CharaCheck out his profile, he coaches apartments, probably the best training for moneyMaster lease options on apartments can be a way to enter the marketplaceYou need to be able to guarantee the owner on a master lease, and you have an option to purchase a later date based on the lower NOI or net operating incomeI would start an LLC and get partners, you do the work in partners fund the company

Hi Alex,Estimating the rehab cost is very intimidating; however I see everyone on BP talks about the JScott Book - so It;s on its way from Amazon.I'm going to start with the pierce county tax assessors website as Alexander above advised to find out the owners and contacts the wholesalers who suggested.I haven't created the LLC yet but will let you know when created - how would a partnership start with you.