All Forum Posts by: Jared B.

This place is great, looking forward to meeting everyone. See you in the threads.

(I'd introduce myself with some info, but it'll be in my profile.)

Can someone give a definition?

That is public information. The county recorder should have that information available.

I recommend reading biographies of Trump, Rockefeller, Buffett, Carnegie, etc. The giants of industry, you'll see there is a combination of luck and business savvy. You'll learn a lot about what makes a successful individual. You'll realize the old rules still and always apply. Watch how "the real estate pros" guy runs his company. Like him or not he's successful, and has built a large profitable firm. Business is business, learn it and apply it to real estate. Study tax structuring, transaction processes, etc. Understand building, if you're renovating. Better than a book, find contractors that you can discuss your plans with and trust. Administration information would be handy, how to departmentalize, delegate, negotiate, etc. Anything on those subjects. Trump is a great businessman whether you like his tacky persona or or not.

Buying property with my father to develop. Some questions:

Is there a way that my wife and I could still garner the $250k / $500k capital gains benefits (after living there for 5/5 years) as an LLC?

Also, my understanding is we should own the property in "joint tenancy" with "right of survivorship" is this necessary with an LLC? Is there a better way?

AGAIN, I'm hoping shortening this will get me more input. Thanks to anyyone for any help.

JB