Thanks for this knowledge, Clint. My structure would benefit more from solely using the "Blocker, LLC". If Blocker LLC's subsidiary has been dissolved and a creditor attempts to pursue claims against the Blocker, LLC, can the creditor only target the settlement amount from capital reserved, or can they also pursue income generated from other properties? I'm speaking from the strategy of flipping using installment sales.
Just the settlement amount but the blocker will typically distribute its income to the corporation so the blocker does not hold any cash to recover against.
Hi Clint. First of all, thank you so much for your invaluable information. I'm about to start my flipping-to-sale business. I already watched the video you made 3 years ago on how to structure a flipping business. However, I haven't been able to grasp whether I should create the flipping company as a C-Corp or an LLC treated as a C-Corp. Can you give me some recommendations?. I live in FL and will do the flips in NJ.
It will depend on your tax bracket and how much of your profits you are rolling back into the flips. If you would like a FREE 30-minute consultation, you can request one here - aba.link/4lo or you can send me an email at ccoons@andersonadvisors.com, and I will have someone contact you.
Would you like to learn more about asset protection for real estate investing? Schedule a free consultation here: aba.link/4lo
Great idea of using Washington as the LLC to have the house and that law ... but kinda sucks that foreclosure of the Biz can happen in that state.
Thanks for this knowledge, Clint. My structure would benefit more from solely using the "Blocker, LLC". If Blocker LLC's subsidiary has been dissolved and a creditor attempts to pursue claims against the Blocker, LLC, can the creditor only target the settlement amount from capital reserved, or can they also pursue income generated from other properties? I'm speaking from the strategy of flipping using installment sales.
Just the settlement amount but the blocker will typically distribute its income to the corporation so the blocker does not hold any cash to recover against.
Hi Clint. First of all, thank you so much for your invaluable information. I'm about to start my flipping-to-sale business. I already watched the video you made 3 years ago on how to structure a flipping business. However, I haven't been able to grasp whether I should create the flipping company as a C-Corp or an LLC treated as a C-Corp. Can you give me some recommendations?. I live in FL and will do the flips in NJ.
It will depend on your tax bracket and how much of your profits you are rolling back into the flips. If you would like a FREE 30-minute consultation, you can request one here
- aba.link/4lo or you can send me an email at ccoons@andersonadvisors.com, and I will have someone contact you.