All Forum Posts by: Isaac A.

You could do it yourself. Read this: http://www.myllc.com/which-state-to-form-llc.aspx

Welcome,

I am new on this site looking into connecting with investors in Indy.

Hi Scott, I about to start flipping homes. I am looking for a mentor and some advice recommendations. I have received lots of information from your sitehttp://www.123flip.com/. However I have not bought your book yet. Any advice on the flipping journey.. ( LLC and asset protection, Team(Attorney, Contractors, CPA), Deal analyzers/calculators- There are lots of these calculators, which is the best? Thanks

Am looking at LLC in terms of starting it right, avoiding pitfalls... A $300 LLC done through legal zoom or similar might be worth it?

I am starting out REI. I taught forming an LLC first before any purchase.

Jesse,

Thanks am listening to the podcast. any advise on using legal zoom for LLC setup?

Matt Thanks. Good advise

Josh,

Thanks for your advise. I think am more than thinking of it in terms of what I have seen others go through. I think in real estate you never know when the bad guys will come in. I taught of starting it right and that is to have a company set up and probably at some point asset protection. Let me know wheat you think? Hey and being in Indiana, are you in REI clubs , etc?

I need assistance with this. I have not done any deals. I want to start very soon, but I don't want my name to appear on any deals; I am thinking of forming an LLC to do purchases. How much does it cost? where do I form it?- Nevada, Delaware, Wyoming....?What are the tax advantages? Will I pay more taxes? Will my name be completely hidden from all transactions? Should I get a P.O. box in order to hide my home address. Should I open a business account first? Can I do this on my own without hiring someone to do it? Will I be able to qualify for loans? Lastly, by forming LLC, will I be considered as self-employed? Any information is helpful. I am not sure about reliability of internet resources.

Scott,

You could hire a property manager. Why do it yourself? There is no need to collect rent yourself. That's where the property manager come in.