Usually a quick look at the photos of the kitchen also tell you if it's a flip.Once the neighborhoods have been identified, you can use a polygon mapping tool to enclose the neighborhood on the map, then you can add icons to show all *other* current sales/listings/pendings (these would be your distressed sellers: lender/corporate owned, short sales, and estate sales).

The term 'pierced the corporate veil' means the protection of an LLC has been voided.

Of course, you can only get Fannie Mae loans in your individual name anyway, can't get them through a S-Corp or LLC.

I could but a fixer up duplex, occupy one half, rent the other and make improvements over a couple years.It may be difficult to get a mortgage with my financial situation, owning a corporation, writing off anything that is related to business, not paying myself much.

The courses are likely more tailored to those who will be working in the corporate real estate world - or already are.

The key is to be flipping in an S-Corp or an LLC taxed as an S-Corp (they are the same from the IRS' standpoint).You'll be required to pay yourself a reasonable salary, which will incur self-employment taxes, but anything over and above the reasonable salary can be distributed to you as a dividend, which will not be subject to self-employment tax.So, if you're generating profit over-and-above reasonable salary, you'll save money doing it this way as opposed to in your personal name.

Finally getting out of the corporate world has been a goal of mine but the drive to "work" will always be there.

If you mix personal and business funds in the same bank account for example the "corporate veil" of the LLC can be pierced.

Of course, you will only need one LLC in your case at this time since you have used leverage and show limited equity exposure.In regards to your liability protection, keep in mind that the LLC is not a silver bullet, you must operate the entity in the proper fashion or the corporate veil can be pierced by any competent attorney.

Only corporation may obtain the company license.A CFL License can be obtained to include commercial or residential loans.