All Forum Posts by: Ron Manson

Thanks @Ryan Smith.  I hope so.  I'm looking forward to doing some networking and learning.

Hey guys I'm looking for a little advice. I'm thinking of partnering with a guy that has a line of credit. He will be supplying the needed capital for the purchase and rehabbing of the project. I am a Construction Project Manager Consultant, I will be managing the construction rehab part of the deal. Then we are going to split the profits 50/50. I'm wonder how to protect myself and obtain interest in the property so that there will be no problems when it comes time to sell. I know that normally you could form an LLC and both are members of the LLC. Or we could do a Joint Venture. However, with JV I believe there should be LLC's for both parties coming together correct? I don't have an LLC yet or a General Contractor's license. Should I wait until I'm able to set up an LLC and GC's license before I enter into any agreement or start doing business or is there another way to handle this.

Hello, My name is Ron Manson from Chicago, IL.  I have real estate investing experience.  I was a Realtor for 7 years and I'm a Construction Project Manager Consultant for a couple of Construction companies in Chicago.  I have 10 years experience managing commerical and residential jobs.  I have flipped a couple of properties in the past and renovated my own home.  I'm looking to get back into real estate investing by wholesaling and flipping properties.  My goal is to learn new investing stratagies, learn more about financing and real estate partnerships.  I'm grateful to be a part of this real estate community.