All Forum Posts by: Ronald Isgate

Hi Wayne,

Hi Heather,

I am a Real Estate Attorney based in Pennsylvania. I do a lot of work for lenders throughout the US and would be happy to help. 

Hi Jarred,

Commercial realtor and real estate attorney here. I have recently found some of my investor clients  solid investment properties in Reading. Rents are high compared to property values so you can get good rent flow. 

Hi Zeliang,

I am a commercial realtor as well as real estate attorney. Happy to help. I have a few current listings in Philadelphia. Many of my investor clients are focusing on the city but are also having great sucess finding deals in 2 towns north of the city. 

Happy to Chat

Hi Annwar,

I am a real estate attorney and broker/realtor in the Philadelphia area. There are some great areas North of Philly as well. 

Happy to chat with you

Pennsylvania Real Estate Attorney here,

You only have to worry about piercing the corp veil under very limited circumstances - specific events of fraud, co-mingling funds, etc.  As long as you operate a legitimate business and observe the corporate requirements you should be fine from that standpoint. 

You will get a lot of opinions on whether to own in your personal name vs. the LLC - be aware though that if you transfer them to your LLC now, you will trigger transfer tax which can be quite substantial.

Going forward it would certainly recommend setting up LLCs to purchase your properties.  I would sit down with your CPA and an attorney that regularly works with investors to get a solid path going forward for you to scale. 

Real Estate Attorney here. I represent hard money lenders and would be happy to help.

PA Real Estate Attorney Here

The short answer is it all depends. There are a myriad of ways you could structure this. Two that come to mind are you could buy in a Corp entity (LLC) and he could be a member in the LLC (80/20) as you reference above; or you could buy the property and enter into a JV agreement with them that would outline the compensation structures. Best thing to do is you should meet with a real estate attorney to go over the specifics of this deal to come up with the best solution to maximize your returns as well as protect you throughout the transaction. Most will provide a free consult.

Philly Suburb Real Estate Attorney and Realtor here. 

Your smart for planning on building your team early. Look for an investor friendly realtor who understands what kind of return you are looking for, a real estate attorney to set up your LLC and make sure you have a well written lease as well as an accountant that you are comfortable with.

Private Lending Attorney Here-

First it depends if the person lending the money will be doing this on an ongoing basis - if so he may want to have a separate entity created for that business.

As far as documenting the loan - I would recommend speaking with an attorney who regularly handles these transactions.  Your lender will/should want at a minimum a mortgage and a note (with the mortgage recorded against the property as a valid lien).  There are other collateral documentation lenders generally should have as well - but thats up to your negotiations with him/her.