Here's my current issue:only make about 60k (assuming that would only qualify me for about 270k)almost out of debt(maybe 5k)essentially no money in the bank (spending it all on debt)land around me is ridiculously expensive(MA)(have a VA loan)wanted to know if this concept would work1a.

NJ is a very litigious state. as they say, an ounce of protection is worth a pound of cure.

Lender can just make a claim against itself or with the "doc prep company's" E&O when the instruments don't properly secure an interest in real property or otherwise fail to protect the lender when things go sideways.

@Jasmine Vigo   Welcome to this great community  before you start investing spend some time learning,  you can find great information with "the real estate guys show"   you can learn to do a syndication or maybe on the beginning you can partner with a season investor to learn the path 

Seems like they are looking to start spending on new developments in many different ways.

If I recall correctly, that PA statute refers to the Unfair Trade Practices and Consumer Protection Law ("UTPCPL") for liability.

Property coverage – This protects the building from certain causes of loss, like fire, wind, water, etc.Some secondary coverages you should include Loss of Rents/Business Income – This coverage give you the equivalent rent $Property coverage highlights,1) Ideally have Replacement Cost, not Actual Cash Value (ACV).

I'm oversimplifying it, but courts have ruled time and time again that they have a duty to protect the owners (due to constitutional concerns) and the taxing bodies (so that they can collect tax revenue).

However, since this is an LLC and the liability protection is afforded only if the books are kept proper - I would suggest getting a software to keep the books in order or to hire someone else to do it for you.Let me know if you have any specific tax questions.

Winning coaches know when a certain play is the right play and when it’s the wrong play based on all the variables of their unique current conditions.If you want to achieve a high level of success as an investor you must spend the time to learn the concepts and theories.