The issue is that no one knows "your" form as compared to the "standard" form.

Of course, with all things, the answers to all these matters will depend on the circumstances.California tends to have more laws on the books and requirements and restrictions that it can be a good idea to form a CA LLC for out of state property so that you as a CA resident are covered, and to try to have your contracts fall under the purview of CA courts.

I then went a step further to send him the pro forma I put together that clearly states some of observations I've made that I don't think he is considering and included a personal message inside the pro forma, asking that he could pass it on for the seller to see... within a few minutes he responded with a short "No - Our Counter Stands."

Be cautious of the pro-forma returns that marketers & sellers are estimating as they very seldom hit those returns.

So, we see; "One Dollar and other good and valuable consideration paid in hand...." which is simply stating the contractual requirement to form a contract.The next and more important question is: Is the consideration equitable for the transaction contemplated.

At least now you know how the whole process of buying a property looks like and that closing costs are a lot more than what Roofstock assumes in their pro forma calculation.

I guess my question is, is there a way I can form a "ABC asset management" business in the state and form a website and online  bill pay and just have it all come together to one place. and run the business as a dba for me.

I will be moving to NJ in Oct/Nov anyway but mainly because, as we all know, NY has the ridiculous law that forces you to "publish an article in a newspaper" about your new business within 90 days of forming the LLC, which can cost hundreds of dollars.My question is: If I filled out the NJ LLC document online, and used MY NEW YORK address as the LLCs primary address will I STILL have to form a foreign LLC in NY?

Form a separate company to manage your properties, then pay yourself.

Hi - I'm interested in converting a portion of my 457(b) - about $80k - into a self-directed IRA, obviously for purposes of RE investing.After that, it seems logical to form a LLC around those funds.A couple questions:I'm leaning toward engaging a CPA for the process; is this overkill, or a good idea?