I'm one who (for now) won't bother going the llc route.Your purpose for getting an LLC is to protect you and for it to properly protect you you pretty much have to know all the dos and donts of operating under an LLC.

I've been on BiggerPockets for a few months now but have never properly introduced myself, as they say to do.My name is Bryan from Bend, OR, and I've been investing now for around 3 years.

I think my biggest concern is making sure that I am making the proper disclosures to show that I am not taking advantage of potential real estate customers for personal gain.

I'm always looking to expand my network and hope to connect with you in the near future.Happy Investing!

I encourage you to get the proper legal guidance on this transaction as Will Barnard said, & perhaps consider working with an experience investor in your area to help you put together the deal.

How hard you work and how good at that work you are will be the determining factors.The fact that you took out a loan and ended up with payments that you did not anticipate tells me you acted without proper due diligence or understanding of the loan you took out.

Long-term plan is still under development.I hope to become active on Bigger Pockets for several reasons. 1.I really enjoy the Pod casts and would very much like to connect with other investors2.Expanding my knowledge is a must.

Like could she even give away 1/4 ownership to the stepson if she didn't have proper title at the time?

With the amount of time it takes to analyze and trade properly I can do so much more with what I already am very good at which is real estate.Both of the people mentioned above have real estate holdings.

I'll assume you are able to manage your investment from afar or are closer to the opportunity to be able to properly manage.5.