Posted by Mike on January 20, 2004 at 09:55:05:
I have a number of properties which produce a significant amount of cash flow. I would like to put them into two corporations and have the banks loan the money to the corporations to purchase more investments. 1st How should I separate the properties to make the corporations have equal strength? (cashflow or equity) 2nd What entity should I choose? (maybe an LLC with flow through taxation)
3rd How are the banks going to look at the corporations? (How much cashflow would they need to show)
4th I want to stop working at my job and work solely on finding investments. How will this affect things?
5th Where can I find like minded people such as financial planners, tax attorneys, accountants, & bankers?