Even then when I have gotten hard money its not that cheap.I also loan money occasionally and wouldn't consider lending at those rates as it isnt worth my ROI for the risk profile of a flip unless you have an established relationship (read 3-5 deals in the past year) with the lender.Most of the hard money lenders have private lending backers or institutional money that expects an IRR of 8-10%.

Any advantage (financial or legal protection) to establish the LLC in NC rather than operating as a foreign entity in NC?

Not sure where to find an established and ethical partner is the thing. 

Once you get established here I bet you reconsider those buying numbers.

The next course is getting ADU's legalized for non owner occupants so we can add units in established/close in prime locations on transit routes.  

Hey Dennis,The ideal is to establish the LLC in the most business friendly state that involves the least expenses.

Things are already established.

@Eric Harnden thanks - is already working and have an established relationship with Sam Sharp there.

Hi BP, please let me know if you have contacts with anyone that has leads to bank REO's. This could be brokers, agents, lenders, trustee companies, etc. Thanks in advance!

I am extremely grateful for BP for establishing this forum.