Effective but inexpensive method to form a business?

[Cecil Russell]

I have notices in the past 10 telephone calls to seller that many are hesitant to enter transactions with someone as inexperienced as I. I would like to form a business structure to operate within but not sure which is the most cost effective. Any ideas, suggestions? Is this even a good idea?

[Brian Gibbons]

Thanks @Douglas Dowell you are too kind.

Hi @Cecil Russell 

Yes see @John Jackson I initiallly trained him in lease option assignments in 2002, and he has done over 400 lease option assignments in TX.  A great guy too.

I wrote an article called - "The 4 Legged Stool - Your REI Business Plan" here in my BP blog http://www.biggerpockets.com/blogs/3/blog_posts/39...

your business structure is a tax and legal conversation.  You may want to look at this TX attorney's blog

http://www.lonestarlandlaw.com/LLC-Formation_in_te...

Being a transaction engineer starts with the Seller's Interview.

See "Be the Doctor when Talking to the Seller"

http://www.biggerpockets.com/blogs/3/blog_posts/17...

and "How to Negotiate with the Seller"

http://www.biggerpockets.com/blogs/3/blog_posts/30...