Quote from @Paul De Luca: @Imran MohammedIf the property is distressed (not livable condition) and you're looking to flip, you will need a hard money loan.

Quote from @Paul De Luca: Quote from @Davin Jones: Should newbies start our journey in smaller markets or try to get in the same markets with the seasoned investors right away? 

Hi @Saleh SedighiFor California investors, you can either use an LLC that has strong charging order protection (DE, WY, TX, or NV are most common) or if you are doing a buy / hold strategy with your assets you can use a Delaware Statutory Trust.

Quote from @Paul De Luca: Quote from @Nathan Witte: Hello, my name is Nate Witte.

Additionally, it sounds to me like the basement apartment is illegal and the city would require it to be de-converted to original use if it was inspected. 

Purchase price: $720,000 Cash invested: $250,000 ADU development on SFH property in cul-de-sac/ weird property layout that actually better fit as a duplex.ADU size: 550 sqft (~$320/sqft) in 2020.

I just wanted to introduce myself to the bigger pockets community. My name is Bob Ruskowski and I am a realtor in Springfield PA (DELCO).  I am also a newer investor having turned my first twin home in Folsom PA into...

What ends up happening in pre-sale is that, even though you have done due diligence to get a contract that protects you, de-facto it is too difficult to sue so you end up accepting all the problems you wanted to avoid and the contract language is superfluous. 

But my understanding is that Delaware is the best place to create an anonymous LLC.

It takes several months and since he is good at it and helps people find the most efficient an de least dangerous way, he charges a fee for it.Now, there have been maps drawn of journeys that people have made and a few journals that you can buy and take with you of people’s journeys which will be a lot less expensive.