Posted by Rick on January 18, 2003 at 24:25:56:
I am trying to get something going in real estate. I have a friend who is willing to build a house for me, if I buy the lot. We would later split the profit, after completion and sale. I am seking information on what would be the best way to structure this(for tax and asset protection sake).Should I form some type of corporation, llc, etc?I will be taking out a home equity loan or refinancing my condo in order to get the money to buy the lot.