I know someone who has been turned down by a major bank because he is not the only one on his LLC.

Anything business related

Terry - While I appreciate your feedback, the vast majority of our members prefer having the topics split as they currently are.

Furthermore, the tenant can argue that you were acting illegally as their employer by not having worker's comp or properly withholding taxes.The fact is that the majority of lease-option buyers never buy the property.

Find someone there that looks like they know what they are doing and take them out to lunch and pick their brain on your local market.You'll want to keep that cash in your pocket for now, the best thing about real estate is you get to do the majority of it with OPM (Other Peoples Money).

To me Financial Independence is two major things: 1.

A few industry notes:Last month HostGator had a major hack - 50,000 credit cards leaked and posted online.Blue Host has very slow servers.We are using HostingDivision.com as it's SEO friendly.....

I would diversify a little bit.....the majority of my money is in real estate, however, I do have some money in stocks.

There are just so many variables in a kitchen that it really hard to know.In my recent rehab, I did a pretty major kitchen change.

Buying , Fixing, and Selling, 4 month time frame, (I hope)I am not a handyman, so estimating repair cost is a reach.A poster on this site suggested to use the $5K rule to estimate repair cost5k to fix/update any major house component.