All Forum Posts by: John Draper

@Account Closed Ok. So you're saying buy the properties in each individuals name and nothing more? Could you give an example of how a insurance policy could be better? First time hearing something like that... curious to know.

@Dan Mahoney Yes. The plan is to by properties primarily in Alabama, but also look into purchasing in other states.

@Arpan Patel Thanks! That makes a lot of sense.

Hi everyone!

My siblings and I have recently decided to join forces and invest together. We are considering forming a LLC to hold and purchase investments. We all live in different cities but travel to our home state of Alabama often. Should we form in AL? I've heard that most investors form in different states for the tax savings and other benefits... I have read several things on forming LLC's in different states... the PROS and CONS... Does anyone have any insight on what would be the best way/place to form the business?

Thanks @Jeremy Hunter!! Very helpful information. Definitely a point in a direction that i wasn't aware of.... I'm going to look into this more. Thanks again!

Can anyone give some advice to a beginner on financing?..... I just purchased my first home last year and I've been intrigued with the idea of investing. I would like to plan and prepare for the purchase of a second home which I will hold and rent. Does anyone have any suggestions on creative financing or general information on getting approved for a second mortgage?

(how soon can you buy a second property???)

 Thanks! I would love to chat with you one day.

 Thank! Will do!

 I'm in the Huntsville/Madison area. I'm definitely going to message you. Thanks!

 Will do! I have some friends in the Mobile area.