I was so excited about the prospects of investing in real estate because we would be so rich overnight and we would be sipping margaritas on the beach by the end of the year.

But still the prospect of having a Series LLC to hold my properties is something I need to find a way to get to.

How is prospecting going for you?

@David Driscoll - either your prospect is ignorant of tax laws or giving you the tax story because they don't want to tell you the truth (or deal with you or the problem at this time).Your job is to find opportunities that you can solve problems for principles in exchange for value.Perhaps there are other triggers or catalysts that would be a more effective approach with this prospect.I'd check out the owner's financial situation, beginning with home ownership.

Just placing ads, responding to prospects, and reviewing applications should be considered a cost.

I'm going to look at my first investment prospects tomorrow!

I do that by referring them to people who have exit strategies that match the prospects need.

How's your prospecting going so far?

I bet you did set it low.many many years ago, my rent was significantly below market and I got a ton of prospects.

Once you've done that you can easily print 100's of letters with the prospect's name and address in the letter.