Also if you have a LLC put it in a LLC if you dont just use your name until you start making money then purcashe a entity.

Would greatly appreciate feedback on ideas for a business entity structure.

You should generally create your entity in the state where the properties are located.

It is not clear who it is you were planning on trying to get to assume the loan, but I get the impression it is a business entity you both own.

If you co-mingle the contract assignment aspect of your business with the rehab aspect under the same entity, then every dollar generated will eventually get the dealer status.

Between the two of them, they should have all the info you need.Illinois allows realtors to self-sponsor, but you have to set up a legal entity (corp, LLC, etc), and make it a sole-proprietorship (IIRC).

Hello BP community - I am looking for a recommendation for a lawyer that specializes in setting up entities (LLCs / Limited Partnerships).

I am thinking of isolating a number of solid income producers in one entity, and having them mostly debt free.

That is a business run by a person without a separate entity.

Edit: should say "Buying apartment building using a trust?"

(Sorry hit submit before I could edit the subject.)

Dear BP family:

We just had an LOI accepted on a 44-unit that is about 8 miles f...