What is the best entity to use for a simultaneouse close? - Posted by THS

Real Estate Investing
1

Posted by Trump on April 27, 2000 at 16:34:58:

Where I do believe in being incorporated, you need to look into s-corps and llc’s also. Have your accountant help you. I’m not going to tell you how many corps I have filed but it is quite a few. It all depends on your situation. Whatever you do… buy these home in a trust so you can transfer benifial interest very quick and easy after you know your best corp structure. Shawn Casey has a very good corp and trust course.

2

What is the best entity to use for a simultaneouse close? - Posted by THS

Posted by THS on April 27, 2000 at 24:22:29:

Hello,

I was looking for some advice from some of the veteran investors. I was looking to do a simultaneous close on a couple of properties that were in preforeclosure and the bank agreed to a short sale.

The details of the property are as follows:

  1. Payoff of 40k (now under contract for 75k)
  2. Payoff of 111k (under contract for 140k)
  3. Payof of 42k (buyer ready to purchase at 75k)

This will be my first simultaneous close and want to know what is the best way to take title to these properties for the short time I own them? Will I even have to take title?
Any and all help is appreciated.

Thanks,

THS