Investment Info:

Small multi-family (2-4 units) wholesale investment.

Purchase price: $50,000

Cash invested: $1,000

Sale price: $60,000

After about 18 months of conversations and negotiations I w...

Originally posted by @James De Stefano:^^^  What she said!    

Purchase price: $150,000 Cash invested: $34,832 3bd-2ba - 2-story - 1,344SQ' single family home, large cul-de-sac lot in high demand rental area.

I think our biggest concern/push for incorporating would be to limit liability and de-risk personal assets.

@Darian Richardson I recommend forming in Texas because the filing fee is only $300, there are no yearly fees, Texas has Asset Protection laws on par with Nevada, Delaware, and Wyoming.

Books I recommend: Think and Grow Rich Tools of TitansMistakes Millionaires MakeABC's of Real Estate InvestingMulti-family MillionsArt of the DealCommercial Real Estate Investing - Dolf De RoosRich Dad Poor DadI feel like I could use a large inheritance effectively now, but that is after doing hundreds of deals.

The property is a 3 bed/1.5 bath townhouse in the Pike Creek area of Wilmington, DE. 

@Jay De Jesus Welcome to BP and congrats on taking action.

Here's a map I quick found: http://meridianintl.co/attachment/full/us-frost-de...Hope that is helpful!

Transfer tax in most of Delaware county is 1% buyer 1% seller, in places like Philly and Delaware it can be above 2% buyer and 2% seller.