And you get the benefit of having 50 past ones to catch up on.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

And you get the benefit of having 50 past ones to catch up on.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.Good luckPaul

I live in Illinois so the upfront costs of an LLC are pretty high like 500 to 600 in filing fees plus whatever legal costs are incurred in drafting the agreement and operating agreement, and 250 yearly maintenance (have to pad the corrupt politicians salaries somehow).Another question I have is what benefit does an operating agreement serve?

I have a local partner there who is a US citizen/resident and we would like to go in it together i.e. split the funds, mortgage, costs, etc.I know there are different structures available such as LLC, LLP, LP and a plain partnership, and wanted to know what the benefits and disadvantages are of each regarding things like taxes, liability, etc.

I don't think I could select one book that drastically changed my life, but there have been simple passages or even a few words in many books that have had a profound effect on me.

For the time being though, my full-time job is great for helping me to fund my investing and also for making contacts that will benefit my investing.

Take your time and evaluate the cost, reward benefits and then make your decision.

Any insight would be appreciated if you have used alternative services as other investors may benefit from finding a way to reduce trash costs or any operating expense as we are in the business to find ways to make more money.1.

We're planning to "buy and hold" and tenents will be making payments to the LLC.QUESTION: Would these payments benefit the LLC as establishing business credit for future loan in the LLC name?

., a Home Improvement Service Company which has sparked our desire to get into the Real Estate Investing BusinessMy wife, Theresa, and I are very excited about being able to learn techniques and get help to build Our Real Estate Portfolio and learn the Real Estate Investing World through the knowledge and help of BiggerPockets.com Members, Forums, Podcasts and BlogsWe are looking forward to making new friends and build new relationships while working at our new Adventure of Real Estate Investing.We Hope add value and a benefit to BiggerPockets.com with our Services.thank You, Best Wishes and May God Bless,Donald and Theresa KlosCustom Refinishing, LLC and AOK Properties LLC