You can also use your tax assessor's site and secretary of state's site to identify which attorneys are being used by other active LLC investors.Take steps to shield the identity of the members.

I am using a SDIRA and all the legal advice I got sounds like you are on safe standing, assuming the 401K falls under the same rules.

I second NaveenWe just finished our first international syndication by building units in a new resort development on Ambergris Caye in Belize.A good rule of thumb to look for is jurisdictions that use British Common Law as their basis of law.You have 3 major systems of law around the world:1.

Sorry for the late question, but what is the 1% rule?

They usually send an Inspection Agent from Section 8 to look at your property to see if it passes their code of rules of regulations.

@sven simon,I think you can bypass the 2 year requirement by having an undergraduate degree in real estate unless cal dre changed that rule as well.

@Dawn Anastasi Is there a good rule of thumb for how much reserves you should have on hand?

Two - (this is the escrow part) the HOA is in charge of regular maintenance of the exterior and "routine" painting of the exterior as it even says in their own rule book.

Those of you who follow that rule and rent to Sec. 8, how do you handle the income to rent ratio seeing as tho' their income is probably not very high considering they're on Sec. 8?

Your 2% rule, 50% rule, $100 minimum per unit per month, etc makes real estate investing so easy.I know these are just guidelines and a detailed due diligence is necessary, but I think these rules save a lot of time.