All Forum Posts by: Bill Walston

Originally posted by Renata Dias:

Does anybody knows about Jim Fleck's personalized coaching program?

Hi Renata - I'd never heard of Jim Fleck until just recently. He must be the "guru of the month" as all the "big guns" are touting his webinar in their emails (can one say "affiliate links?). I've had several just this week.
regards,
Bill

Why Ed, doesn't EVERYONE have one of those? Why, I received no less than three in my inbox today :-)

Bill

Will,

So, you are doing transactional funding, but unlike 1daydough, etc, you will wait the required 30 days to get your funds returned? How cool is that! :-)

Bill

Nick,

Both Vikram and Steve are spot on with their answers. I would only say that if your only business at this time is real estate and you live and invest in CA, then establish your entity there as a domestic entity. It will save you a lot of extra paperwork and expense.

regards,

Bill

Charlotte,
You are spot on with your guess. Any state that you are going to do business in (and that includes owning property) as an LLC will require that you register as a foreign entity. Most of these registrations will be just as much, if not more, than registering as a domestic.

regards,

Bill

Originally posted by Jeff Tumbarello:

As always, Real Estate is local. Find out how your state handles landtrusts

Truer words have ne'r been spoken!! Make sure BEFORE the fact, that your paperwork is going to accomplish what you want. My state (TN) is one of a few that does NOT recognize a land trust, though you can accomplish the same thing with the usual revocable grantor trust.

regards,

Bill