All Forum Posts by: Joe Hasbrouck

so, can the c-corp invest less than 50% into the LLC

As a investor with the intent of the LLC to reduce the percentage of the

C-corps part? As long as you make it a part of the LLC. Then the corp could manage the properties plus invest in other things down the road like flipping.

My LLC owns(financed) the property in Texas, but my c-corporation and my personal interest(invested) own 51% or more in the property. My question is can my c-corporation have a "property management contract" with the LLC to run the property and not have to be a licensed broker?

Thanks

Many thanks....phone call placed.

Joe

Anyone in the Austin area have or can recommend a good "Real Estate"

attorney who can help setting up my structure using a C-corporation?

Thanks........

Steven thanks for the response............

To be confirmed later, but my understanding is the corporation has no ties to my retirement funds that were used. My trust plan(retirement funds) purchased shares in the new corporation and the c-corp now has capital to invest. I formed the LLC to purchase the properties with the intent to borrow from the c-corp at AFR with terms of repayment to allow the LLC to establish cash flow. Most self dealing articles seem to refer to foundations and self-directed IRA's.

Have a meeting with my tax attorney next week...

Thanks

Allow me to explain further.......my c-corp was formed as a rollover business startup plan from retirement funds(ROBS). This corporation is in Texas as well as my separate entity, LLC. My main concern is that I can "legally" structure this loan with the above mentioned terms. Or would the IRS view this as "self dealing"?

Trying to keep it simple the first time around for me and my CPA.

Mucho Thanks on a tough question.

Yes. I own the c- corp. there are no ties to the LLC other than I am the member with my wife of the LLC. So the loan is to the LLC to get the property with financing from the local bank in the LLC name. Just want to make sure I'm not doing the wrong thing with the loan structure.

Thanks

Hello....new to the forum of BP

I have a c-corp that is loaning money to a new LLC I set up to purchase rental properties in texas. My question is can I legally structure the note where the first payment isn't due for say 2-3 yrs to allow the LLC to build equity?

Can that note be interest free during that period? If I add the loan payment to the c-corp plus the commercial loan, taxes and insurance it does't leave room for much cash flow. First one, so I'm trying to structure it right...

Thanks