All Forum Posts by: Travis S.

You might want to look into the blue sky laws before you do that. These laws prohibit public advertisements for investors (they are SEC laws but apply to all advertizements of this type). They are very specific about this type of thing, and the SEC is on fire right now so I would be cautious.

So what do you insist I do ?

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Originally posted by "Ryan Webber":

So you're saying I can be violated by posting an add in the local paper to find someone to do personal private financing with me ?

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I'm looking to post an add in the local paper to find a private investor with large amounts of cash to invest with me in real estate. Do anyone have any suggestions ?

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I am sorry I have been talking bad about Carleton Sheets but I type his name in & googled to order the program & send a site called infomercialscams.com this was about 3 months or so ago.

I've been thinking about it. Maybe this guy is really a good guy. But he has a lot of reports filed under his name. I'm not posting to talk bad about him. I'm posting this to give him a chance from me.

I should have the programs by Febraury 27th. My birthday is on the 28th, so it'll be a fantastic present from me to me.

After I view the programs I will let you guys know the results.

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Originally posted by "takleberry":

An LLC is ABSOLUTELY NOT always the best decision. It depends HUGELY on what each founder's financial and tax situation looks like now, what it will look like in the future, what your company exit strategy is (manage for life, sell to strategic or financial buyer, hand to your kids, etc.), how quickly and in what fashion you want to receive cash, whether you'll ever take on new partners or investors, and about twenty other important questions.

Any organization that always advocates one company model over another almost certainly only really understands that first company model. I've started three LLCs but chose LLC as the structure for specific reasons.

Nolo has some excellent books to help you get started, and I love them, but only use those if you intend for this company to remain small; less than $10 million in revenues or assets. If you're thinking bigger (and even if you're not):

1. EACH FOUNDER SHOULD EXPLICITLY SET & STATE THEIR GOALS. What do you want to get out of this? How much money? When? How long do you want to do this? How much time and effort will you put in? Is this a part time or full time gig? What specific things do you bring to the table? What will happen in 3 years if one of the founders wants out but the others want to keep going?

2. Then, go see an attorney. Without clear goals, they can only give you crap for advice.

Good luck!

Is it easy to transform a LLC. into a corporation later in the future ?

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You have to have the inspiration & motivation to invest in real estate. I would choose real estate investing.

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What's the ins & outs of running this type of business ? Where should I shop for my inventory ?

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All Forum Posts by: Travis S.

Travis S. has started 30 posts and replied 155 times.

Post: South Carolina (REI)

Post: Finding Apartment Buildings at great prices.

Post: Investing in Apartment Buildings

Post: How To Find Private Investors ???

Post: How To Find Private Investors ???

Post: How To Find Private Investors ???

Post: I've just ordered the Carleton Sheets program.

Post: LLC vs S-Corp

Post: $200,000... Invest in RE or school?

Post: Buying a Hardware Business