This corporation is in Texas as well as my separate entity, LLC.

If you choose disregarded entity (single), your LLC rental activity is reported on Schedule E just as if the LLC did not exist.There are some who believe the partnership LLC has better liability protection than the single membre LLC, but that is a conversation to have with your attorney.

So I think I'm going to keep moving forward, learn for a bit, and then as I've read @dave van horn say, "notes are a 'learn by doing' business", so I'm going to see if I can pick up a cheaper pool some time soon, after setting up an entity with legal help, and then give it a go!

Tim Berry suggests selling options to a friendly LLC.I’m convinced selling options to another cell of my SLCC would spell disaster with tenacious alter ego/sham case being made.I imagine a lot of my fellow TN investors that would be interested in this strategy would be more interested in the privacy/flexibility of doing it to a trust entity otherwise toting the $300 annual reg fee isn’t that big a deal.What schema should a person use for a “commercially reasonable” denomination that would hold up no problem in front of a future judge?

In that case you might just pay the whole claim.Insurance rates can be affected by not only the claim history of a property but the claim history of that individual or entity.

Also, Henry M. thanks for bringing up the cross referencing of Tax entities to validate the legitimacy of the buyer.

Holding title in another entity wouldn't help you qualify for bank financing.

Hi AllI am thinking of transferring ownership of a property from one entity to another.Is it true that IRS will definitely NOT accept government assessed value for a property?

I am trying to get a little more serious about real estate now and I want to buy, fix, build specs, etc and I'm curious as to what some of the pros out there are doing for business entities.

If the property was sent to auction then the result of that auction will be a Sheriff Deed or similar in either the name of the Mortgagee or a entity that purchased at auction.