All Forum Posts by: Aaron Keams

What terms can a buyer include to make a less than preferable asking price more appealing?

Google voice. Its free and you can always change the number if people start calling you in the middle of the night. You'll get a number that is forwarded to your current phone.

Like Bob said Networking. You'll also want to find people that invest in the kinds of property you have I.e. fix n flip or rental. Once you have the network (email address and/or phone #) you can advertise your deals to them when you get them. Just make sure you have their permission to contact them on the Great Deals you want to provide for them. Hopefully this helps.

http://www.investopedia.com/terms/h/holding-costs.asp

What's the first thing that is built when building a house? Its foundation. Without a proper foundation the structure is likely to collapse. As novice myself take my advise with a grain of salt (or anyone that has not yet proven themselves reliable to you). Don't invest just to invest. Educate Educate Educate! Investing without education is just gambling. I guess the question you need to find out is what it takes to transfer the title into an LLC. What fees may go along with that? It may cost the same as the formation of your LLC which would mean that the cost is doubled. Anyone know these answers?

Google how to set up LLC in your state. Should only cost you a couple hundred dollars. A corp. is always a good idea for liability protection. Also for tax reasons a corp. can save you money due to the fact that corps get taxed on profit (after expenses) where as the individual is taxed pre-expenses. Of course these advantages vary from state to state. Always seek advise from a qualified attorney/professional in your region which will know your specific benefits to these areas. It would be wise to seek this advise due to the headaches it can save you and the information it can provide you for your future. A couple hundred now can save you thousands in the future.

"Action always beats inaction!"

-Rich Dad Poor Dad