Posted by Brent_IL on August 08, 2003 at 22:50:51:
One more to add:
- An employee, or one whom is later held to be an employee, is injured on the job and you are subsequently held liable.
Buying houses for rehab and resell in your name - Posted by Shane
Posted by Shane on August 07, 2003 at 17:36:51:
Is it smart to buy houses that you want to rehab and resell in your name? What type of risks could arise from such a purchase?
Re: Buying houses and resell in your name - Posted by jasonrei
Posted by jasonrei on August 07, 2003 at 23:31:32:
I used to do that in my name. I usually take title in my corp’s name now, but still buy in my name sometimes. Negatives I see:
-the buyers might be dissatisfied with their purchase down the road and come after me. I think I’m safe, but with my name so easy to find they are more likely to sue.
-if someone’s pipes bust 3 months after purchase they might look you up in the phone book and give you hell.
-your activities are easier to track.