All Forum Posts by: Taylor West

Hey @Frank Klein

Welcome to BP.  Maybe we can do lunch some time.  I am looking to get into the buy and hold niche myself and I am sure you have great tips and tricks.  

Mark,

@Dmitriy Fominchenko is the President of a Self-Directed IRA company. He can point you in the right direction as he did with me a week or two ago on a phone conference. Check him out and he can answer your questions.

Tim,

@Justin Windhamsaid it correctly: register-agent

http://www.bizfilings.com/learn/which-state-incorp...

https://www.sba.gov/content/limited-liability-comp...

@Tim WilderbeesteThank you for posting this. I am currently researching LLC's myself and have found Nevada, Wyoming, and Delaware to be the better states; however, I do not have/know someone who can formally accept paperwork if a lawsuit was to come up.

@James MillerThanks for the Series LLC lead. This form of an LLC might work for me and the investors I might work with in regards to multiple investments, but keeping the assets separate.

Robert has one this upcoming week I believe in Lafayette and one by @Alex Hamilton

Just found this too...

http://www.bizfilings.com/learn/which-state-incorporation.aspx

Anthony,

I live in BR and looking to get into the business of buy and hold.  As Richard stated, the RING is a great place to start.  

I googled how to and where last night and I can across this article

http://www.myllc.com/which-state-to-form-llc.aspx

Sounds like some states don't require any assets to be in that state that you file in??..Nevada and Wyoming (if I understood this correctly).

At the end of the day, it is hard to care about the credit score when you were just given $40-$60k and you know you will be using it for the 'good' type of debt. I have/had a score of 880. And the only perks to it is getting more CC's. So ya it's good to have for more CC's and credit when the time arrives

When people use the term 'guru,' it means a company that promotes their business by trying to sell you on that idea that you need them to succeed in real estate.

You can use the CC, if I remember correctly, for the down payment, or the cashier's check that they send you.