Developing an operating agreement for the LLC will help establish the basis of your business, including capital contributions (HELOC, Loan).

If you are a squirrling away $25k every 3 months, you are way ahead of the game! 

If you are looking to invest in Allentown based on appreciation from economic development, might want to look into the waterfront project area.http://www.mcall.com/news/local/allentown/mc-biz-n...https://thewaterfront.com

To obtain financing it can't be larger than 25% of the total community square footage. 10% of the budget to go towards reservesNo active or pending litigation (HOAs like to go after the developer for construction defects)No assessments (ask for the last 12 months of board minutes in your offer.

But wholesale marketing is very alluring - $0 down, get involved in the RE "game" from home, etc etc.

There is a lot of land available and the area and I've always thought it was a matter of time before you saw more development moving in.

If they have no skin in the game and they aren’t playing a “mentor role” I don’t know if I would give a percentage of the profits.

After a while of doing research and thorough preparation, I am finally ready to get some skin in the game and to start investing in real estate. 

hey Karen what company did you speak to already and which development are you looking at?

I'm aware of all the good development the new casino's, Stockton, the tech company the Tenseness ave re development, the supposed re development of ducktown etc etc but there is no factual comps to support a real estate boom higher then 10%, overall home sales in the country are still down and there has not been much of a kick up in sales in Atlantic county.