I simply shrugged those statements off and kept doing some research and listened to the great podcast BP just put up about raising capital:http://www.biggerpockets.com/renewsblog/2013/01/31/raising-money-getting-started/I finally heard back from my RE attorney (who has already done PPM and reg d filings for himself and others and used to be a corp attorney) and got a price of $10k to setup the reg d offering.

You and they will likely give a personal guarantee for any loan, so the difference will be in commercial lending guidlines.Since you are immediate family members, you'll be exempt from SEC fund raising issues as well as the SAFE Act if say your father makes you a loan personally if your home is included in all this.Yes, your LLC needs to be formed prior to purchase and applying for the loan, I suggest you spend a few bucks and see an attorney in setting this up, there are options and aspects of such an entity that simply are not contained in some internet LLC formoperating agreement.

Additionally, once those types of tags on are a property, they will usually include "do not enter" notices.

. - If you do get one flip where the profit was $500 per hour simply because you spent less time, but the net profit was say $20k, unless you can consistently replicate that every single work week hour, it does not matter.I have spent only 2 months (includes time from acquisition date to sold date) on a flip and made $35k, but have spent 6 months and made $220k.

Most wholesalers simply expect that the buyer will do his due diligence on his own.

David, it has been a while since I created my account but I do not recall needing much, in fact I remember simply filling out the account document and being ready to go.

Most agents do much more then simply place your property on the ML and then sit back waiting for it to sell.As Angie asked, how do you plan on placing them on the MLS yourself?

It is my understanding they would not be able to open a Solo 401k.Correct, but like Chris stated, simply open one up and then roll it over.

Half the people that just posted on your question have previously said that instead of paying for a "coach" you should just find a mentor and simply work for free for that person... to me that seems like you are giving that mentor just as much.

You do need to make sure whomever you are working with is someone who is empowered to legally enter into a contract.