Posts

Don't Want To Get Cut Out Of The Deal.

videla profile photo
  • Monday, January 10, 2005 @ 11:37 PM EST
  • 1 Comments
I acted in haste and set -up an appt with both a REI and the owner to look at a condo, "sigh" But, I have nothing in writing yet to prevent them from by-passing me and making their own deal. Which is better, non circumvent agreement or purchase agreement? Or are there any other suggestions? ... How can I obtain an get an exclusive right to sell this property as a REI? Thanks Michael
  • (1) Comments
  • Score(0)

Comments(0)

  • mattfish11
    mattfish1111th January, 2005
    0
    Reply

    I would think it would be taxed as capital gains... But I would speak with my tax-specialist CPA about that one... Get together with a tax specialist and a tax-attorney and find out what mechanism to use to minimize that amount of taxes you have to pay... A C-Corp or an S-corp are probably better for Rehabbers... LLC's tend to work better for buy and hold strategies from my understanding!

    Good Luck!
    [addsig]

Please Sign In to Comment.