If you form a partnership, which many people are advocating, then make sure you have a buyout clause in there that allows you a way out if things were to change.

It is a great resource, but nothing beats the education and learning from making deals happen.After you have so many properties in Glengarry, will you form a 2nd company named Glen Ross?

Welcome to BP @Jennifer ConnollyThis is a great place to learn and meet people.Strong presence for MA and FL here so either way you should be able to get some good local contacts on here.Definitely hit the Black Diamond meeting if you are in Worcester that day anyway.

The way we form a syndication(private placement) is to set up an LLC and sell shares of the LLC to investors.

You also want to take a good look at the pro forma and question everything

Welcome to BP, if you have to, be patient..form a plan while saving your money..once you learn you can put that plan to work!

Proceeds must stay in form as stated above, meaning you can tap into the equity of the assets in the IRA provided that money is used to purchase more assets held by the IRA.  

This makes pro formas look pretty unattractive to investors.  

While there may be no extra cost here for properties in good condition, it’s worth having the property inspected by a professional building inspector to ensure that there are no hidden issues or problemsFinancing Details: You’ll want to talk to your lender or mortgage broker to get an idea (or better yet a letter of approval) about the cost of the loan and the necessary downpaymentIncome: Details about income should come directly from the seller, but as mentioned above, don’t rely on pro-forma data for final analysis.

To form a company, Pay yearly LLC renewal fees and also file tax returns, I dont see how this is worth it unless I am missing something.