All Forum Posts by: Pattie Thomas

https://www.legalzoom.com/attorneys-lawyers/legal-...

Here you go! :)

Yes you have it correct.  You can select who you want and I called to do a mini interview first to see if the attorney was the correct one for real estate for my specific needs.  Now for a tax person, Corporate Tax Network helped me to complete my business entity.  I covered both sides to my entity because you have to have a good attorney and tax person who know real estate, and as your business grows your needs will also too.  I hope this is helpful.  

Legal Zoom will answer all the questions that you have and for 30 days you have access to both the attorney and tax consultant to ask questions and help complete any documents that you may have.

[email protected]

My advice is to use Legal Zoom for 29.99 to select from a source of attorneys and tax professionals.  You should write down all your questions beforehand so you won't miss anything.  When doing real estate, it is vital to use people who are in the market of your need ( i.e. real estate = real estate attorney / taxes = real estate tax professional). Any "ole" attorney or tax consultant may not be knowledgable in what you want.  BE specific and always cover your (you know what).  

LLC = buy and hold property

S Corp = wholesale 

Well you are a newbie and have to learn more knowledge and I say do not sell yourself toooooo short.  Now the other wholesaler has the property under contract and you are the person bringing the biggest meat to the table.  You should not settle for a couple hundred dollars, at least you can negotiate a larger amount.  You are establishing yourself as a brand and your word and work ethic are your bonds.

If she doesn't want to be fair and wants all the money then pass on the relationship.  You have ti have healthy business relationships that are fair and will have longevity.  If it is going bad in the beginning, it is a trigger for you to move on and find your own motivated sellers.  YOU CAN DO IT. Feel your gut and go with it:)

Just for the record if there are anybody interested in attending Menards of Elgin "Contractors Luncheon" on July 17th from 11a - 1p.  Feel free to phone Paul Kramer and let him know Pattie referred them (no I do not get anything).  Networking is key.  There is free food and a place to build a great power team of all types of contractors.  

825 S Randall Rd
Elgin, IL
(847) 742-8862

I am in awe for the superior wholesale knowledge that happens on BP.  I have a question to ask has anyone ever used Rahab Valuator software for deals.  If so, then how accurate is it?  If not, what do you suggest (a formula possibly) in getting the numbers correct, so that a deal is not over priced or under priced.

Thank you Michael.