Also, we actually have a meetup once a month at the Wild Goose Meeting House as well - this Wednesday at 6pm.  

In the states that have that option, it may be better to deed the property with an enhanced life estate (Lady Bird deed) so the property will be automatically transferred only at time of death to the living trust.As a side note, if you are concerned about estate taxes, there are some options available to mitigate them with the use of some other kind of trusts that could be crafted for your specific situation.

If an employee runs over a little old lady crossing the street, while working for your LLC, both the employee and your  LLC could be held liable.

I believe you would need to have a smokin deal.. any 100% lender is going to demand that.. no mystery there.. but newbies don't usually get smokin deals  and who goes for 100% loans almost always newbies.. so if I was taking  a WAG their 3k fee is a major revenue maker for them that's why the guys on the phone hammer so hard to get folks to pay it.. this is what I have gleamed from other posts on this company on BP.. simply my observations.. also one lady who we went back and forth with ( potential borrower) said that they set up an LLC that borrower and lender are members and if borrower fails they just kick them out of the LLC.. and that is a smart move on their part.. you don't have to foreclose and if the borrower really has no skin in the game that's OK too. 

Good morning ladies and gentleman, My brother and I are new to the biggerpockets world, and we're glad to be here. 

Thank You Ladies!

For instance; I am young and dont drink and dont have a problem with people who casually drink, but I dont want someone who is a wild party person to live with me or like 30 years my senior.

During bingo all the old ladies would gather and as they played bingo they would share they latest gossip.

I'm looking to start small and local to my area (rural VA) so I can get the basics down before going hog wild. 

The house went from wildly outdated (hadn't had ANY updates since early 70s) to essentially a Pinterest home.3.