I am not employed at the moment, although my wife earns mid 60s and we have 660'ish credit scores with a BK7 on record 2 years ago.I live in South Florida, near Fort Lauderdale in Davie and established a non-profit a few years ago with intent to rehab/flip houses or possibly build on vacant land given by a local city top develop on.Aside from that, I am hoping to meet someone form the area who has been "down this road before" and would maybe be willing to at a minimum have lunch with me to give me some professional advice.Anyhow, nice to "meet" everyone!

I am fully licensed in both my Life and Health as well as Fire and Casualty, and I think it would be good to be able to use them.I'm wondering if anyone could point me in the direction of an insurance group that specializes in real estate investing, in the state of California.I am aware of National Real Estate Insurance Group out of Kansas City, and they are a fantastic company, but they're not interested in establishing agents in California as of now.Also, any advice in terms of which insurance works best for rehabbers and why?

I hope some established investors can join us and share their wisdom, but if not, all of us beginners will get to compare notes on our journey into REI!

Having an established system with people and contracts is a huge saving!

If you'd like to connect I'm always looking for new opportunities for networking and establishing business relationships.

I want to establish relationships with other investors out there so I can be successful in this business.

Would you suggest going the college route or building relationships with already established investors?

If it is not considered to be a disregarded entity, then you should wait the 24 month period that your tax advisor has recommended.I'm guessing that you do not live in a community property state, which means that an LLC with a husband and wife as the sole members will likely be classified as a two person LLC (as opposed to a community property state where you would be classified as a single member LLC) and therefore a partnership for income tax reporting purposes (not a disregarded entity).This creates the need for you to establish the 24 month holding period to demonstrate that the two of you have the intent to hold the property for rental/investment purposes.

The tricks of the past, including Back linking to an old established web page that you don't own can get you in to trouble with google now and you site can get lost in the Abiss

After raising the value of the property (meaning I could sell at any time for a profit), then I start looking to put money in my pocket and to establish a decent trailing 12 in case I plan to sell.At 240K for 8 units you're only paying 30K/unit which is much less than current industry average (unless your property is located in a town like Clinton, SC where it's mainly section 8 and slum housing with no trends towards job growth).This property is definitely worth pursuing.