All Forum Posts by: John C S.

yes I absolutely agree with you I think LegalZoom and other platforms like that can not give you the benefits in an attorney can

Thank you @Robert Martin I'll have to check it out. 

@Terry Mason I will look into it but I doubt its that cheap here in New York or not simple lol thanks.

@Matthew Kreitzer that is what my version judgment was telling me I guess I just needed to be confirmed Thanks

@Jim Groves Thank you for the advice. You are right I should form an LLC regardless. @Adam Birds Thank you

@JBeard what is the typical costs associated with an LLC

PS  That is not ment to sound sarcastic

Thank you for your response i haves listened to that one before. Maybe it is good advice to listen to it agaig seriously.  Thanks

Hi BP Family I was wondering about the costs affiliated with a LLC, and what is the best way to set one up. Meaning should I go through a lawyer, accountant etc. or would legal zoom be good enough. You see I want to try and use crowd funding to raise money for bigger apartment buildings deals in a up and coming area I like. From what I under stand in order to do so you have to be a registered LLC to get crowd funding. I don't have much capital at the moment but I'm not going to let that stop me. Where there is a will there is a way.

I also hear that Texas is the best place to register a LLC. Is that true and is that necessary at this point. I have been a member of BP for about a year now and I have learned a tremendous amount of information your average mom and pop investors never heard of or thought about before, and think that is what separate's the different levels of success there are in the real estate business. Although I am continuing to learn I feel I am ready to jump in and get my feet wet. I also have 15 years experience in building maintenance. I feel that gives me an edge as far as the daily operations of a larger building. I am currently working at a million square foot building in NYC.

            I would appreciate your thoughts your comments and your advice on this subject. Please feel free to PM me. Also feel free to ask me any questions you may have about building maintenance or the daily tasks of a building or its maintenance crew. Thank you for your advice and for taking the time to read this post.

Welcome to BP if you are serious about learning this is the best place I can think of to do so Best of luck with your adventures.

I don't have all the numers. If you need to guess but know what the numbers are thenyou can be setting your self up t fail. If you are guessing at repair cost then bring in a contractor to give his advice.

What are the taxes?

Talk about capex how old is the roof,siding if it has it or exteior condition?

Who pays for heat,water,sewer,electric,mantance,lawn care,ect.

Why is the owner selling it already sounds like you have one possible problematic tenet. How are the rest. 

What kind of aera is it in A,B,C,D?

You get what im saying there is a lot of info missing here for some one to help. If you do not have this information you need to get it, that us just naming a few. I wil be glad to take a look at this with you if you want to you can PM me.

Taxea are not high try living in Long Island i pay 10k a year