Delaware Real Estate Contract: Fill & Download for Free

Find a very expensive attorney, preferably one who deals in real estate and business issues. Hire the attorney.Give the $700,000 cash to the attorney to put into their client trust account.Attorney client privilege is in place if you give the attorney a plausible story for the money (or if the attorney is greedy). They can get it in the bank without raising flags, if they are experienced. Be prepared to pay them well.Then have the attorney invest the funds for you into a variety of small real estate projects, one at a time.Buy the properties using LLC's as they buyers, with those LLC's owned by other LLC's, preferably in Delaware. This is simple and cheap to do, and slows down nearly all would-be investigators.And sending large wires for purchases into Escrow is common among real estate investors.I welcome any correction here, but I don't think Escrow Officers check the source of funds. They assume the Fed Wire looks at those things. And the Fed Wire sees a lot of attorney wires to Escrow, so... I don't think it raises any flags.Any transaction done at a bank, however, that is $10,000 or more is reported. And over $5,000 or even any amount MAY be reported by the bank if it deems the transaction suspicious.Escrow transactions have less oversight. No one believes terrorists or drug dealers will go to the trouble of buying much real estate. They want the cash.Good small real estate purchases could be small rental houses in growing communities.Ideally, they are run down, and you rehab them, also with cash, as in another answer above.If you're really smart, you buy them on contract from owners who have low or no current debt on them.If you choose them all in one metro area, you can hire a management company to run them for you for 5 to 8 % of the rents.When they are rented, borrow money against them from local private real estate lenders. Hard money guys, small local private money providers. They are in every town. Borrower as much as you can from these lenders while still making sure rents cover loan payments and other costs (insurance, property taxes, utilities, etc.)These guys don't report to credit agencies or anyone else. Not to evade, just because they don't have the knowledge or systems in place to do so.Let the renters pay down or pay off the private loans via rent payments.You can keep borrowing and spending the loan proceeds, which are not taxable.After several years, transfer ownership of one property each year or so into your name.Then after a couple years in your name, you can replace the private money loans with bank loans at lower interest rates, and have more cash to spend.When the loans are paid off in 15 or 20 years, borrow against your rentals again.Doing this you can evade taxes on, or more importantly, confiscation of the original amount, and gradually inject it into the legal economy, and make the funds continually renewable for your use and enjoyment.Depreciation reduces your taxes while property appreciation increases your rents and the property actual values, and also increases the loan amounts next time you refinance.If values go so high that you are tempted to sell, like in the last bubble, then sell as soon as you are tempted, or hoard cash to make it through the next bubble.In this way, you can live well off that money for the rest of your life, and when you die, you will be able to leave an estate of far more than the original $700,000.But the fun part is in figuring it all out.

You can go in with partners who are physicians and they can borrow money from banks without you having any money of your own to put into the deal.Buy medical buildings ONLY.From there - 2 different paths:Path #1Triple Net Lease out the building. That means the tenants will pay for all taxes, maintenance as well as repairs of the building.Path #2Sell the building and the lease contracts of the medical businesses and keep the land. Lease out the land.Your part in making this deal work is what you bring to the table in terms of negotiation skills as well as sharp skills in analyzing APODS, and contracts and lease contracts.You will need to be skilled with contract terms as well as addendum,clauses and laws that relate to real estate and real estate contracts - and know how to fight for your team's best interests with finesse.You will also need to know about the corporations, how to set it up, and the best state in which to register your corporation - in the United States it is Delaware.Why Delaware is because this state has "veils" as well as Mother or Parent corporate configurations and the subsequent "children" corporations.You will need the skills of being very familiar with tax laws and how to work the business to get the best tax breaks.You will need to be highly polished in your communication skills, a graceful tiger when negotiating, and your word taken as good as gold.Your personal credit history must be in the upper 1% - 5 %; and you must be willing to invite all pertinent underwriters to review your personal credit history even when you are not required to disclose that information. When your personal credit history is in the top grade, money will flow to you.You must be willing to do all due diligence and be able to do onsite analysis of the building and the medical practices within that building; and be able to assess and table the anticipated P and L.You must be fluent in the language of money and what attracts and repels big money.

Under a series limited liability company (LLC), a main LLC can create separate LLCs to hold different assets that may or may not be under common ownership and/or management with the master LLC or any other series. A series LLC can serve many purposes, but it is most utilized by real estate investors who own several properties and companies that own multiple brands. The pros and cons can be unique to each company so I recommend speaking with a knowledgable business attorney. Nonetheless, here are a few:The ProsLegally separate. In theory, each series is separated as a separate entity with its own assets, members and operations. The debts, liabilities and obligations of one typically cannot be enforced against another series, or the series LLC as a whole.Lost cost set up and maintenance. In Delaware, only one LLC needs to be formed as the series within the LLC can then be formed internally via the series LLC's operating agreement. Also, the single entity owes only one annual franchise tax payment of $300 to DE. If you were to form individual LLCs instead, you would need to pay a franchise tax of $300 for each LLC.The ConsThey’re somewhat new and unclear. As with most new things in the law, there isn’t much to feel confident about a series LLC yet. Its unique structure has not really been tested in court. The IRS hasn’t been too clear on how to classify series LLCs too.Only a few states recognize them. Many states don't recognize a series LLC and treat it as an individual LLC. This can cause problems when contracting with foreign states.If you’d like to discuss your LLC series plans with a skilled business attorney then try out LawTrades. We have a bunch of useful tools on our sites for new companies and offer attractive options such as flat-fee pricing and free no obligation price quotes. Good luck!