Last challenge was to create an entity to allow five small funders to participate in a performing note purchase secured by rental real estate. One funder was a traditional IRA housed by Equity Trust, two were Roths housed by Quest, and two were small non-IRA trusts. Created a personal property trust with EIN and checking account,
Serviced by a professional servicer after the purchase. Managed by the mentor student who received the brokerage fee.
Seeking a vehicle model which exists only for one deal to isolate responsibility, return, and for asset protection.
After I copied the partial calculation spreadsheet from the NS website, I created my own to provide quicker decision points. Cannot figure out how to upload a print screen but if you would like a copy of this spreadsheet, just email me at jackie@cyclis.com and I will send it to you. Hope this helps, Jackie
