All Forum Posts by: Jordan Sizelove

Can someone enlighten me on my above post please? I want to get moving, but I want to make sure that I don't regret anything after it's too late. Thanks again!

In J Scott's article,
http://www.biggerpockets.com/renewsblog/2010/02/24/should-you-get-your-real-estate-license-investors/

He mentions the benefits and drawbacks of getting a real estate license. One of the drawbacks he mentioned involves disclosures. What does he mean when he says, "You can't knowingly take advantage of a buyer/seller?" Also, he stated that some investors feel that having to make these disclosures and being held to a higher standard will negatively impact their business. How could it negatively impact your business?

As some of you know, I plan on starting a llc in the very near future. The main reason for choosing an llc is for the liability protection. However, in order to get the tax benefits, I will choose to elect it as a S-corp. I'm currently in Antioch, CA, and from my understanding, licensed realtors cannot choose to elect their llc as a S-corp, they will automatically be taxed as a sole-proprietorship or partnership, depending on how many members there are. What entity would grant me liability protection along with the tax benefits, aside from an llc electing S-corp?

I've been getting different opinions on whether or not I should get my RE license. This is why I've been back and forth with my decision. I would like to get my RE license for the benefits it offer, but I wanted to find out what other alternatives there are pertaining to the structure of my business.

If I get my RE license, will MLS give me access to all the necessary information to do property analyses (property details, purchase info,financing details, income, expenses etc.?

Thanks in advance! I know it's a lot, but I need to gain as much knowledge as I can in order to make a decision.

Brian P - Thank you for the reply Brian. I'd rather have my license, but I plan on starting a REI company. If your a licensed realtor, you cannot elect it as an S-corp. This would be a problem for me. I'd like to have the liability protection and the tax benefits.

You mentioned not having to activate it right away. Could you clarify on that a bit? Specifically, how long do you have to activate it?

Where should I start at to build my buyers and sellers list? I'm still learning the basics of REI. I've recently learned how to do a property analysis, still need to learn a lot more though.

I'm meeting up with a group of investors this Thursday in San Jose to network and build some relationships. Looking forward to the wonderful opportunity.

Last but not least, where's the best place to find good properties outside of MLS?

Thank you for your advice and input. I am getting involved, which is the first step. I plan to attend many more meet ups in my area in order to network and build relationships.

I'm actually lookin for the real estate books that get you ready for the exam to get a RE license. Are you saying that these are available on amazon?

Hey everyone,

I was originally planning on getting my RE license but have decided not to. I still want to get the valuable information on real Esate practice, principles and finance. Does anyone know the cheapest place to buy the books, or which place provides the best information in their material?

Kyle J. - You rock! @Sean mentioned the CCWB meeting to me already. I was stuck on which one I should attend first. It looks like I'll be attending the CCWB meeting coming up. Thank you both!

Ryan Moses - Thanks for the advice. However, I've decided that it's not really necessary to get my license. At least not just yet.

With that being said, I was wondering if someone could refer me to the top online schools (inexpensive, up to date material). Since I'm not getting my license, I at least want to learn about the basics.

Steven - That was my main concern. Thank you for finally clearing that up for me. I've decided that I won't be getting my re license. I think I'll still take the courses though so I can get the information. Would that be a good idea?

I'm not sure what the ladies name was. She said that if I'm the only member/officer of the llc, then I would be filing sole pro. From the info I gathered on here, it is perfectly okay to ele t S-corp under an llc. I'm not sure though? Could this be a CA issue?

Michael Galloway - Messaged you!

Sean Moen - Thank you! I will let you know.