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Jim Samland
  • Waxhaw, NC
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Newbie question - Flipping - Financing - CPA-ATTY ? NC Charlotte

Jim Samland
  • Waxhaw, NC
Posted Aug 22 2016, 09:26

Looking for my first flip and getting set up but want to ask a couple of questions. Searched this site and found info about 3 years old so want to ask again in the event there are changes...

1) For the first flip - Hard money loan or look for a more  conventional mortgage ? I have the down payment in cash and funds available to support the re-hab  - Suggestions, recommendations questions ?

2) Have an NY s-corp which can be used but also have been reading about using an LLC or a mix of both, yet in reading some members are saying set up an LLC right from the start others are recommending set up the LLC after you have some flips under your belt ?

3) Any current recommendation for a ATTY-CPA in the Charlotte, NC area ? I know they exist but are difficult to find as there are only about 5,000 of them in all of the US. If not open to suggestions for a CPA as well as an Attorney which has experience in the state of North Carolina with house flipping.

Thank you

Jim   

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