It's not terribly difficult to pierce the corporate veil, if you don't operate in a very consistent professional and totally separated from your personal finances manner.

As long as you are the operator, the syndication attorney you use would largely be the same as a fund attorney since he will be under the 1933 SEC Act for both.

Looking to see if anyone has had any luck finding financing for an established assisted living facility (real property w/ separate partnership with operator to run day to day).

Landlords mistakenly ASSUME all PMCs offer the exact same services and operate the exact same way, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services.This also leads them to ASSUME simpler is better when it comes to management contracts.

At that point you get go back to marketable securities (retail garbage) and live pretty comfortably flying first class.For me its transitioning to stabilized lighter value add apartments as a LP (letting the young proven operators work for me) and NNN, and non correlated investments like infinite banking, life settlements, and IULs.

I operate mainly in New Jersey but happy to connect with anyone investing anywhere.

Selling would allow a flip project to operate with less risk of financial stress.

Landlords mistakenly ASSUME all PMCs offer the exact same services and operate the exact same way, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services.This also leads them to ASSUME simpler is better when it comes to management contracts.

Its cheap to start an LLC. if the property is in your personal name and want it in your llc, you will have to transfer it to the llc (transfer costs). as soon as you have your formation docs, operating agreement and EIN number you can open the bank account.

Or are you expecting to have some sort of Perry Mason moment where under your questioning he slips up and admits to being an Al Qaeda operative using your address to receive shipments of plutonium?