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Chicago Real Estate Investors Association - Downtown Message Board › Teleconference Call: RESCHEDULED for WEDNESDAY 2/3

Teleconference Call: RESCHEDULED for WEDNESDAY 2/3

Andrew H.
Oak Brook, IL
It came to my attention that there were to many people on the call, we ended up having an overwhelming amount of people that tried to login at one time for the call.  So we will reschedule for Wednesday, February 3rd, we understand that this is a very important topic, so we will be replaying the whole night all over again.

Teleconference Call at 8:00 PM- Open To Everyone

Attendee Dial-in #: (712) 432-1001

Attendee Access Code: 425-147-656#

4 Different types of lenders.

  • Hard Money - This lender will fund New Investor deals. Your credit does not matter to this lender by interest and points are much higher.
  • Rehab Lender & Refi Lender - This guy can do both deals. Help you set up 100% refi's out on your rental deals & get funding on the front end.
  • Andrew's Personal Commercial Bank - My personal commercial lender for rental deals. We have done over 40 loans with just this one lender.
  • Commercial Lender No Income Verification Needed: This lender will do a 30 year loan with no income verification. The criteria is only driven by cash flow of your property. This is unbelievable. We have used these guys and so have several folks that work with us.

Webinar at 9:15 PM for- Cashflow 2 Freedom Attendees Only **If you have not already registered see below. This is a closed webinar only for registered attendees ******If you have already registered for the 3-day then you will receive a special email with the log-in information for the Webinar at 7:15 PM On Sunday***

What is the right business setup in terms of entities? Biggest blunder that most investors make is to setup the wrong business entity.

I thought I would bring in this attorney because he is not selling anything. He is talking about the right business structures specifically for flips, wholesale & rental deals.

Most accountants will tell you to set up a structure to minimize taxes. Attorneys will look at it from the point of liability and lawsuits. The right way for an investor to look at it is from the stand point of growth and what structure helps you build your business at the fastest pace possible.  Always keep this in mind.
So the right way to look at entities is the following:

  • Right structure for scalability and flexibility
  • Insurability with a commercial insurance policy (Liability separation from personal assets)
  • Allowing for an umbrella coverage combined with personal
  • Tax reduction

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