As these are flips, it may make sense to incorporate an LLC in your state, then make a federal S Corp Election.

Hi Everyone,I am just getting started in real estate investment and looking for my first deal in Delaware, Montgomery or Chester counties, PA.My background is in corporate finance and my goal in real estate is to be financially independent of a company paycheck. 

Declaration of Covenants, Conditions and Restrictions (CC&R’s) aka Declarations, or Master Deed.Signed Bylaws for HOAArticles of Incorporation for HOAManagement Agreement (unless self managed)HOA BudgetCurrent Financial Statements (Income Statement & Balance Sheet)Minutes of last 2 HOA MeetingsRecorded Amendments for annexationPlat Map and/or Air Lot Survey Condominium PlansThe process is about 90 days but I think they have a rush fee for about $1000.  

You can do it on your own, but I wouldn't recommend it if you've never incorporated a business before.

I'll still incorporate direct mail sometimes but it's by no means the foundation of my marketing.

If fees are too low, I would suggest keeping them the same for at least one to two years, then slowly incorporate increases.If you pay cash, make sure that you have some sort of clawback ($$) for a certain amount of time if accounts leave in XXXX days.Will the owner stay a certain amount of time to help in the transition?

Go to college, get a job, buy a house, save 401k, retire after working in corporate for 40 years...

Hi everybody-Im attempting to figure out a rough number to incorporate for expenditures.

The LLC buys the property and the profits are dispersed as defined in the articles of incorporation (agreed amongst all).

You need to have your credit run so they can incorporate your full monthly liabilities into your debt-to-income ratio.