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It's a banner week for our fledgling development business. After 3.5 years we have permits for a 17 unit redevelopment project.We had hopes that we would break ground within a year of buying the property....that fell...
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Currently in the process of purchasing a residential REO in NJ, but intend on buying property in Florida over the next several months, as well. The plan is to form an LLC, and as we are doing business in both states ...
Hi Everyone! I would appreciate if any accountants, lawyers, etc. can shed some light on the implications that arise from being a CA resident who invests out-of-state through a business entity such as an LLC.
I want ...
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Can someone help walk me through the details of flipping a bank owned wholesale through an llc? I know you get under contract with an llc where you hold ownership, then transfer ownership through articles of organizat...
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I plan on transferring a 4-unit building I purchased with cash with other investors into an LLC we created for the building. If we do this and once the renovations are complete, will mortgage companies look at the LL...
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Curious about whether some of you have started an LLC for your wholesaling business and what you're logic was behind doing so? Also, are there any drawbacks or legal ramifications? Thanks in advance all.
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In a nut shell... I found a private money lender who stated he could lend on owner occupied purchases with a large down payment on our part. The property being purchased is an REO in need of rehab. We are looking to r...
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I'm trying to figure out if I can use a ROBS to develop a turn key rental and then sell it to myself at a fair market rate.I've seen a fair amount of discussion where using a ROBS to hold rentals is discouraged but i...
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Currently, I am filing my personal and business taxes as one. At what point should I begin doing separate taxes? One banker that I've spoken with tells me that I should begin now. Thoughts from the BP community?
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Hi All!My partner and I are getting into private money lending in the tristate area, specifically in NY.We are looking for a good real estate attorney or corporate/SEC (?) attorney in the NYC area.We want to help out ...