Posted by Philip on March 07, 2003 at 13:36:00:
Dont know if I read every one, but I do know that I read at least 1 Bronchick article.
It takes at least 9 times before anything sinks into my brain.
Sometime on private email I will tell you the funny thing I did with the paperwork of my first deal.
Rookie!
C corp? have read the archives and articles - Posted by Philip
Posted by Philip on March 07, 2003 at 06:23:38:
but my post a few down notes some questions I have; as I look into the next few months and the possiblity of doing more than 3 deals.
Please chime in with all the experience a rookie needs!
Philip
Re: C corp? have read the archives and articles - Posted by Bob_MO
Posted by Bob_MO on March 07, 2003 at 08:53:29:
Phillip:
I have alot of the same questions you do… Where in Missouri are you? I am in the South KC area, are you anywhere near there?
Re: C corp? have read the archives and articles - Posted by Lyal
Posted by Lyal on March 07, 2003 at 08:42:45:
Phil,
In Hyre’s article “Best entity for me??” he pretty clearly states that an “S” corp is the way to go for flips (which is what you’re doing with Lonnie deals). He also cautions that each situation is different based on your income etc.
Not sure if you saw these:
http://www.creonline.com/real-estate-law/Bronchick/legal-151.html
http://www.creonline.com/articles/art-096.html
http://www.creonline.com/real-estate-law/Bronchick/legal-014.html
http://www.legalwiz.com/articles/corpstrategy.htm
All the best, Lyal
Hillbilly country, somewhat - Posted by Philip
Posted by Philip on March 07, 2003 at 13:33:16:
I live north of Carthage/Joplin area Bob. My kids go to a k-8th grade school at a town called Avilla.
There is 150 people in Avilla.
So we say we are from the Avilla-Carthage-Joplin Metroplex area! JK
I would be a couple hours South, but would certainly be interested in discussing things with you online and maybe someday in person.
My work takes me as far north as the town of Nevada, and January 27th I was in KC for training with my job.
Been from Missouri very long?
Are the opportunities good up there in a more populated area?
Would be glad to hear how you do what you do, and how things are going for you.
Email me.
Philip