Went to a real estate Investing seminar in my city and the guy running it is advising to not get your realitors licenses as it may complicate things.

If it's your first, but you're thinking of doing it regularly I'd advise treating it like a business and talking to both a lawyer and a CPA as it may be advantageous for you to form an entity or to open an IRA if you don't already have one for the purpose if it best fits your particular situation.

I think most of the comments before me seem like good advise on the real estate side.

Any advise?

Dangerous isn't the word that I would use, but I wouldn't advise getting houses under contract without seeing them. $25/sq ft is a good ball-park estimate if you know you need a full rehab, but there are too many what-ifs to do a number like that.

I always advise everyone to operate legally and ethically and to be honest with the sellers and tell them exactly what you are doing.

Someone please advise??

I would advise not to get totally comfortable with the "one-stop-shop" feeling at that point and be open to shopping around for better terms or rates with other lenders if you can get them.

Financial advisers, real estate agents, title companies, etc. have taken me to club boxes or floor seats at sporting events, golfing at private clubs, etc.

California also has special fees that apply to out of state LLC's, and I don't understand whether the tax treatment of these entities are different.Would appreciate any advice, as well as a reference for a lawyer to advise and help create protections offered by different entities (Series LLC vs Delaware Statutory Trust for example) and a CPA to help advise on the costs/benefits of using those same types of entities.