A typical cost to form a fund is 25K in SEC attorney fees and paperwork.

I've started getting my system in my place, going to my local REIA meetingss, finding leads and potential buyers for my list however I need to have an attorney or title company look over my paperwork so that I can be confident that I'm prepared for when it comes time to close my first deal.

The hard part is keeping up on the paperwork with your meeting minutes and so on.

Okay, I have been dying to post something in the Off-Topic Forum, but haven't been able to think of a funny enough subject until this morning.I'm currently listening to 2 Unlimited's "Twilight Zone (Rave Version)" on my computer speakers while doing paperwork here in the office.

The registration services do the DMV paperwork, I write the defective title bonds for them.

At this point I want to start up and incorporate but am unsure the legal differences.I am forming a partnership (two people me and another)Instead of taking two trips to the lawyers office, one to ask btwn Scorp and LLC and the next to get our paperwork drawn up for the actual partnership after incorporating, can anyone offer advice as to which is better to get started and get the company created?

Remember, good people who know what they are doing are in demand and you have to work to their schedule as well as your need.So if you have done several of these before and you are 100% certain regarding the physical state of the property and you are putting cash down, it can be as quick as your lawyer can file the paper work.

You're lying on the paperwork.

We sign that paperwork, the closing attorney collects the paperwork and the money and gives them to one of the office people to process at that time.I then walk into the room with my seller, close that transaction (with funds from the B to C closing).

You could have him get a report right before your eyes using one of those free annual report sites and see what is there - that shouldn't count against him as a credit "pull".How about his new wife - is she filling out all the application paperwork and supplying her credit, etc?