Looking for entities that provide hard money lending or transactional financing in Alabama.Please email me your contact information so that I may talk with [email protected] you

An entity being used correctly needs to include an operating agreement, separate bank account, etc. you will also want to understand how to endorse rent checks, make sure your lease is accurate and your insurance lists your entity as additionally insured.

David G, George Paiva, Aly L,Regardless of business entity, you cannot deduct real estate losses if your AGI is above 150k if you are not a real estate professional.

Simply pull data (from recorder's office, title company, RE agent with access) in your specific area for cash closed transactions and when you find multiple addresses purchased for cash by the same entity, there is a real cash buyer.

Thanks for the feedback gentlemen, I am not going to set up a business entity at this point.

What type of entity is the LLC in your case?

I've found that buying rehabs with leverage is not allowed.So now I'm wondering if I can set up some sort of entity that uses my credit score, but is funded (by selling stock?)

You're still buying the buying the entity.

Should I create a formal business entity BEFORE I do anything?

He doesn't work through any other business entity