The purpose of an LLC is to protect you and all your personal assets outside of the LLC in the event of an unfavorable monetary judgement against the LLC.I agree with the other posters that setting up an LLC can be simple and inexpensive.But would I be willing to "bet the farm" on my ability to do everything required exactly right to remain out of reach of litigious hyenas?

Your approach is very similar to mine, get rich slow is an enjoyable journey....... 8)

hello everyone, i must say to all thanks for your honest opinions. after taking a serious look at my post for needing a mentor i guess i have to say i agree with all of you.theres just to much of me wanting something, but not willing to give in return (i honestly didn't know my post would come across like this, honestly)but anyway i guess the real reason why i needed a mentor was because i was just to scared to do it alone, but now i'm no longer scared so the whole need a mentor before i get started thing is no longer an issue. plus i've been building my team (like: lawyer, CPA, brokers, mortgage brokers and etc) and there all sort of like specialized mentors/advisor's anyway (and we all benefit from working with each other) plus i found out you have to find joy and happiness in the unknown, another words you have to enjoy the journey not just your final destination (your end dream), this will allow you to get out there and just learn as you go in anything you do.

(((I don't accept such things....it's time to break custom......at least offer it to the client, give them a chance to say what they will do....in this neck of the country someone will.....and as far as legality tell me the legal way to do what i want don't tell me it is illegal))))) I look for solutions and am very optomistic....I don't accept failure it isn't an option.Anyone can make money in real estate......ANYONE new investors or old salts.........You know that all of life is unforgiving.I learned from the school of hard knocks.Mistakes, hmmm I've made a few ....is an understatement.JUST DO IT ..............is how we get over those fears.If you don't take the first step then you can never finish the journey because you will never start.L....abor Luck is never had by those who do nothing.U....nderC....orrectK....owlegeWhen I say JUST DO IT...........I truely mean thatIt must be followed up with NEVER GIVE UP NEVER SURRENDER....This business eats up long time investors too.70 percent of the millionaires in this country come from real estate investing.Your in the game like it or notat the age of 65 only 3 percent of the population will be financially independent.Your in the game like it or not ....will you be the 3% or the 97% that is dead broke or still working?

They were speculators betting the price of housing would continue to appreciate, and they would make money when they sold.

You bet, Josh.

Your best bet once you have the traffic and the stats to back it up is to find direct advertising from companies in that niche.

You can bet the feds won't keep anything they buy like this.

I'll bet his opinion changes when it's his money on the line.

That's your security.If I am lending someone money for a property, you bet there's a deed of trust.