I'm an attorney and looking to create passive income.

You will split your asset in different LLC, limiting the amount at risk in each entitity, creating a better asset protection structure.

I would structure it as a note to be created with 4 years prepaid interest and 4 year balloon for 850k.

Being with other investors in your area also creates a synergy and excitement that you won't get by reading.Time to reach out and interact.

Them, the IRS employees, and the financial planners all tell you things that create income and employees, and nothing real or negative.Good luck to you!

@peterpham created a Meetup for August 14, at 7pm at Dineen Coffee Co.If you're interested in attending our very first Bigger Pockets - Toronto Meetup, be sure to RSVP here to save your spot:https://www.meetup.com/meetup-group-eRCXVbxb/events/253517472/

This can create risk of negative cash flow during vacancy or other events in which income is low or expenses are high. 

In the meanwhile, I can share some of the letter templates we have created.

I need a script to prequalify a seller so I don’t waste time.

My Wife Kimberly Moses is a Agent here in Vacaville CA, (Vaca Vally KW office) I love the culture and attitude that KW creates.