Don't Want To Get Cut Out Of The Deal.
I acted in haste and set -up an appt with both a REI and the owner to look at a condo, "sigh"
But, I have nothing in writing yet to prevent them from by-passing me and making their own deal.
Which is better, non circumvent agreement or purchase agreement? Or are there any other suggestions?
... How can I obtain an get an exclusive right to sell this property as a REI?
Thanks
Michael
I would think it would be taxed as capital gains... But I would speak with my tax-specialist CPA about that one... Get together with a tax specialist and a tax-attorney and find out what mechanism to use to minimize that amount of taxes you have to pay... A C-Corp or an S-corp are probably better for Rehabbers... LLC's tend to work better for buy and hold strategies from my understanding!
Good Luck!
[addsig]