All Forum Posts by: Stanley Parsley

the best person to talk to is a para legal

they do work for attorneys- save some bucks-

you should be able to file it with your states corp division they have everything on there site-forms ect...-

ask your self what you are going to do with the llc?

do you need one now?

make a list of all your questions and present them with your paralegal

no matter what and no matter where if someone is going to sue you you are going to get sued- limited liability-

that way they can not attach your personal assets that does not mean they are not able to clean out the business- I think a lot of people forget that

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greg

welcome aboard

don't get side tracked reading too much

get out there and drive some areas and look at and make some offers

make a lowball offer on the greatest property that is beat to crap- you will be amazed at what happens

don't be afraid to look in the papers or places that are not a agent gem

find yourself something you would like to live in for a year and get it bought, this way you get to do the rehab plus have gone through the paper work with the tittle company

look at the property in your minds eye the one you envision and it will appear for you

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try being creative get away from the bank says mold

make deals happen, try to find out owners of the properties, look at different rent to own scenario's

downs with short terms- 10% down-2200 a month-payoff in 5

things like that

create a way to purchase

you will make it happen just get way out of the box thinking

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a great plan leads to great success

you got this

you have a property yet?

if not go out and get you one and then make sure you stay on top of the little stuff- schedules and contractors- that's the stuff that will eat your lunch

don't waste your money on insider news- get yourself a project for you first- then try something bigger- a flip- see if this is something you want to do- its not all about the money you got to like it or you will never make it- like any other job either you love it and stay or you hate it and walk

it will definitely show up

I know people that thought they were going to get rich doing real estate and they live with their in-laws

make a plan and ask yourself some serious questions before you jump in

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nice job

way to encourage the group

it is a lot of work but it does payoff when you just don't get overwhelmed or put too much into something the markets not going to pay you back for

keep up the great work

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good for you

go make a deal happen-

if you are ready to do this then get out there kick the tires and make a deal

I imagine that if you are in school you have enough buddys that got your back

find a deal that makes sense and may need alittle work- no major renovations- find the owner and carve out a deal you can afford-1000 down 1000 a month for one year then finance on a term note due in five years or something creative

never be afraid to ask for something different than the mortgage game 4% for 30 years- you are the buyer that makes you the boss or grantor to the debtor, that's why they are selling they are in debt and need out

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hey jack

the cheapest one is the one you find- HA!

just sayin

ive tried that before and it is tough- look into the internet public library and get the news papers so you can get an idea of what's in differing areas then you can go onto google maps and look at the terrain you don't want to buy a sink hole- know what I mean

be careful looking at trends and market changes sometimes its a lemming jumping over the precipice instead of a stable market change- meaning long term vs short term investment

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welcome aboard jw

it is too much fun you can learn a lot here and get great inspiration

get out there and look at some properties and make offers

that's what I always say and that's how I started after I spent all kinds of money on books, programs ect..

keep your money

go make an offer and buy a property its the best way to learn

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a new trend is taking place on the licensure of rentals and this has come from so many suits being filed against the owners of these properties which have turned liability onto the county or city now-

the number one hot topic gaining leverage onto rentals is the NFPA- national fire protection agency-

the cities and counties are really looking into the code increases and the tightening up of accountability that is placed on the owner- for years the building division in most areas were there to do inspections and make sure dwellings were up to code requirements, the new turn is this is being handed over to insurance carriers and they are really sharpening there pencils and going above the code minimums- owners will have to pay for a regulator agent ie.. insurance underwriter to perform the inspections before licensing the dwelling as a rental- getting rid of the home inspector businesses 

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if I were you I would lone it to me- HA!

no just kidding

be careful with your money, look at differing strategies to move that money

maybe look at loaning the money through a reputable agency for a 10-12% return on the capital

if you have some background in business then maybe a complex of some sort

best yet would be what is your dream- what do you really want to do- this could give you the opportunity to start something that you are passionate about- that may not be real estate you know what I mean?

I know a lot of people that do things but it doesn't make them happy but they stay in that rut-

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