Once I get leads in from my website and go through the best leads for example, job transfer needing to move, 2 payments behind, and they indicate that their flexible on terms.So when I contact them to confirm what they have indicated their either wanting cash out or kind of skeptical about someone coming in and taking over on payments even though they have indicated that they are flexible on terms.

An outside tax expert, Chris Edwards of the libertarian Cato Institute in Washington, said increasing numbers of limited liability corporations and so-called "S" corporations pay taxes under individual tax codes.

As stated by the other individuals.....You have to value the property compared to what people are buying, not what they "Could be buying" which it seems atleast part like what you're doing.If 6/8 sold homes in a area are foreclosures, then that area is REO dominant, which means declining sales prices, and if you open up your search range, you fall into the trap of looking at other areas with higher/different values.If the properties wer $57/sf then that's what they are worth.

But, oh, how times have changed.You have two incredible gifts at your disposal: time; and access to more resources and knowledge than any individual in all of history.As my old high school coach used to say right before a game: "Boys, the biscuits are on the table."

If they sue the LLC and fail, or don't get a large enough judgment, they'll next try coming after you the individual, or contractor, or sole proprietorship...

Once at the corp level and then again at the individual level.20% returns would cetainaly be attractive to investors.

The listing prices is irrelevant, except as an indicator of the likelihood of actually buying the place.

From my experience presenting offers to individuals who have a contractual agreement with a realtor is almost a waste of time for investment purposes, unless you work with a realtor who is "investor friendly" Most realtors I come across are in their own world.

Now from the tax angle think of an LLC as a lump of clay that you can mold into the type of tax planning that fits your individual situation.You can choose to have an LLC taxed in one of four ways;1.

Harrison, to my knowledge the four rule created by fannie only applies to individuals.