Reps of the bank or reps of the 2nd mortgage holder.

If the market crashes, I think Malden may crash faster than Medford and Watertown - Just my gut feeling.About flipping house, yes, it is a fast way to realize the appreciation of value and may be less risky than long-term holders in some ways.

This creates a modest priced rental and / or gives owners a way to supplement their mortgage payment (I'm a flipper - not a holder). 

Here are notes from my most recent podcast interview. 1) Set up a business, website, physical address, land line2) Get setup with reporting agency – write to reporting agency to see if you have an existing report3) Get credit cards using EIN (Do not use Social Security Number)4) Get Uline, Quill, Grainger, Seaton, Gimler, etc accounts5) After 5 accounts get Home Depot, Lowes, Cash Credit Cards, Amazon, Sears6) After 10 accounts get VIsa or Mastercard accounts

Deed transferred in to my llc and owner was listed as the lien holder. 

Then at the time of distribution - account holder will be paying ordinary income tax.

It is in no way intended to escape valid liability; however, that liability will fall upon the associated business entity, as it should, and not any individual stock-holder, member, etc.You should be advised, by the way, that our credit expert's opinion of your employers' / clients' profession is similar to BP's opinion of the likes of me (an affiliate marketer).

In both scenarios for me, the equity partner was the lien holder (mortgagee) and my LLC was the mortgager.  

Linda, form 5498 is applicable to IRAs only and is filed by the custodian when account holder makes a contribution to an IRA.

Changing the structure of an existing multi-IRA owned LLC where some of the IRA holders are disqualified parties to each other is very challenging.