How do I structure the close so that i get paid w/o transfering title to my LLC?

Foreclosures, Short Sales, Tax Foreclosures
1

Regarding a SS Is there a way to get paid w/o the H/O deeding his house to my LLC?

Can I just charge a “consultation fee”?.. But for 25,000 dollars???

Is that right?

Or, is there another legitimate way of getting paid w/o having my LLC “own” this house so i don’t have to pay capital gains taxes since it was “flipped” within a year???

:banghead

2

torojd - you do realize that you will have to pay taxes on the 25k “consultation fee” - you would have to pay it based on your marginal rate as regular income. So not sure if I see the tax benefit of not having your LLC “own” the property. Have you talked with your CPA?

3

Hey thanks for you response! I have not talked to my accountant. I do have an LLC that I do use for business. I’m just wondering if my LLC can recieve that 20,000 fee W/O having to “own” int during the “flip”…

4

My guess is that this could be done. However what would be the benefit? You would still owe the taxes on the fee.

5

How is the LLC taxed?