Like Steve, I keep it simple with QuickBooks, Excel and Google Docs...I see a lot of real estate guys using complicated tools and spending more time dealing with the tools than doing deals

See your attorney to structure the LLC, it's not complicated. :)

Don't make it hard or complicated unless it really needs to be, most residential deals are pretty simple.You also need to do what is customary in your area, you will be much better off using a contract the judge has seen before than making him read through a bunch of guru stuff.

This complicates things only slightly as depreciation needs to be kept track of for the Traditionals since there is tax implications when withdrawals happen some day, and there are not with the ROTH SDIRA since no taxes are due upon withdrawal.One of the main reasons we did a 3 way partnership is that we all knew we wanted to have more than one rental as opportunities presented themselves, and felt our joint funds could better accomplish this.

The military encourages you to contact command before the judicial service if there are any issues with payment.

As you grow you will need to limit your partnerships or clearly define them.If someone wants to JV on a venture we closely define the parameters will are looking for if they aren't experienced (mostly after their money, them having a deal locked up).Can they help manage the property to save $50-100/month... no (that requires us to create more systems for our internal staff)Can they do the rehab themselves... no (that makes my life too complicated)

(Or maybe posted in "creative financing" or "wholesaling")Since Dodd-Frank may make selling it to an end buyer with bad credit difficult/impossible/complicated, would it be at all reasonable for ME to finance it from the current owner, then use it as a rental??

It is decidedly more complicated to raise money this way so “testing the waters” on the site is a safer way for people to raise money once an opportunity is identified.Development deals are what the site seems to be catering to.

I think Greeley is a real good area to invest and from a kind of outside perspective a bit complicated as values can change block to block giving home field guys you an advantage.I'm over in Fort Collins in Loveland but I offer on houses all over Larimer and Weld County.

My perception is it is powerful but complicated. - Ned