All Forum Posts by: Vishal Gadhia

Please PM the details for this deal.

Thanks

Vish

@Dan Fisher

Its always better to have the entity registered in the same state where your main business resides.

If you do open a LLC in other states, then you need to register the business as foregin entity in the home state that you are going to do business in, which will apparently cost some money.

LLC's are very good when it comes to assent protection, but does not serve much if its just one member LLC, it's like having a shield that is no good, as veil piercing is very very easy.

Please talk to your attorney and CPA to decide what would be the best option for you and your business and your long term plans.  You should not cut corners specially when you are laying the foundation for your future.

Hope this helps.

Thanks

Vish

Disclaimer -: I am not an attorney nor a CPA nor a financial expert, I am just sharing the knowledge that I have gained over the few year being the the investment community.

@Shera Gregory

Great post. Thanks for sharing your experiences and your outcomes with tax lien investing. 

I am looking at doing tax lien investing myself and I would definitely take your experiences in account when I do so.

BTW, we rehab in IL. Could you please share with me the contractor that you worked with. Please PM me his contact information if you are willing to share.

@Account Closed

Welcome to BiggerPockets.

Good to know and pleasure to connect with great re modeler with such vast experience in IL.

Hope we can work on some project soon.

Hello,

We are looking to start our next round of purchases for this year.

Looking for 3B/ 1B SFR homes in South West suburbs of Cook County, all of Will County, All of Kendall and All of Kane.

If you have any active deals that you want to wholesale, pass on or JV, please let me know. We can close in less than 7 days if required.

@Tanya Nash

Welcome to BP. Great place with good resources and network connections.

Please reach out if you have any questions or concerns.

vish

Please share all your properties in IL and IN

We are looking at 10-25 unit MF's

Thanks

Agree with @Derek Martin

Always get the seller paid tax credit at closing and then work with a Property Tax attorney to challenge the taxes. You can do it buy your self, but with an attorney most of these are on contingent basis.

They only get paid if they get your taxes lower, which means you can use them to the fullest and there is not pre payment of any sort.

Also they will challenge last two year which will get you a fat refund check if they win you the case. So its again not going to go out of your pocket. Some one paid for it, you are just trying to get a refund.

All the best with your closing.

@Ralph Hicks

Welcome to bigger pockets. This is a great site and you will get the best knowledge from a lot of people here.

If you are looking to wholesale and you need help, please reach out to @Wendall DeGuzman or me and we can help you.

Have a great journey in real estate.

@Samuel Tesla, Congratulations and welcome to the investor community and first step to financial freedom.

All the very best.