Bryan O.
Entity Type for Note Business
Are there any general guidelines for what type of entity is typical for a note business? Outside of notes, you typically do your buy and hold in an LLC, but your active work (wholesaling and flipping) in some type of ...
Ryan E.
Out of State Entity Tax?
Does anyone know if Illinois has an additional tax on out of state entities doing business in Illinois? For example, my partner, @Shane Barker an I are doing flips in IL with an LLC formed in UT. Would there be an add...
Priya Shekhar
Purchasing from 2 different entities
I am in process of purchasing a shopping center with 2 separate buildings in Oklahoma. Each building is owned by a separate LLC. Both LLC have the same members so I am dealing with same group(3) of people. I am using ...
Peter Grange
Best entity for flipping partners
A friend I have some previous experience working together on flips but never created a real partnership due to my corporate career. I have not retired from the corporate world and am looking to partner full time. I am...
Michael Szymanski
Clarification on Foreign Entity Status
I am one of two managing members of an LLC which is formed in Virginia. I live in Florida and my partner is in Virginia and all of our business has been conducted in Virginia. Our accountant is telling us our LLC is b...
Hugues Armand-Delille
Legal entities in Germany / berlin
Hi guys,Are there any specific legal structures recommended ? I heard from my accountant about a 2 level holding model.Anyone familiar with that?thanks!
Allan Lim
Personal to entity property ownership
I am in the process of acquiring a property in Texas and the loan will be under my name and my wife's name. I wanted to take out a loan under my entity but because the entity doesn't have any credit history it will no...
Ezra Henderson
Legal Entities when Flipping Houses
Hey guys, I have a question that I would appreciate your advice on. So as somebody that is just beginning to get into house flipping, I’m wondering how (and if) I should set up a legal entity. Some people say not to w...
Curtis Crenshaw
Cash Out Refi's under Entities
Hey guys, I currently have a buy and hold property in Hampton, VA that I used hard money to purchase and renovate. The property is under my LLC. The hard money lender is more than willing to do a cash out refinance on...
Joe A Warner
Buy and Hold Entity Structure??
Hello everyone!So I purchased my first property in April this year. It was a lot that has two houses on it. I rent one house out and have a roommate live with me in the other! It works very well for me and has allowed...