Hello Everyone, my name is Paul and I am new to this site and to real estate investing altogether.

It also is helpful to have a California LLC in case you ever sell that property and move into another state so that you do not need to form a new LLC altogether with new operating agreement, just re-register in the new state as a new foreign LLC.

If you plan to do consulting on an ongoing basis, but 5 years into the future something changes and you take a full time time and stop the consulting altogether, you could terminate the plan and transfer assets to a retirement account type that works for your situation at that time.I hope this helps give you an idea of what circumstances the plan may work better for than others as far as your self-employment activity is concerned.

I just think the issue isn't that she doesn't want to be involved in it or scared of real estate but that she is terrified you are jumping in too deep and getting you both into something you may not be able to recover from if problems arise, and it's just easier for her to try to avoid it altogether.

With all the mail getting lost in delivery now - perhaps it would be a better idea to bypass them altogether.

do you need to replace the drywall altogether?

But hey, if you do happen to lose faith in managing then look into professional property management but don't ever let the weirdos make you lose faith in REI altogether.

I don't know about that particular program but I did attend another one that sounds similar to this...usually that 25k covers someone coming out and working a deal with you in some way they guarantee you a deal...but this depends on how bad you want in...you spend 25k and your deal nets you 10k you are still out of 15k...there are tons of info out here for free but having to group it altogether can be frustrating...We didn't pay 25k but some people did am not sure of their outcome...Iam sure you could find someone that can walk you through your first deal a lot cheaper...

I avoid the word flip altogether.

I also find myself pursuing other avenues for deals and just cutting banks out altogether.