Please be careful to follow the rules of the forum and do now post SPAM advertisements on the site.Thank you.

Remember the rule of monoply your aim is to get hotels not houses.

The rules and costs for setting up an LLC differ in each state, so you may want to do a little research in your state before proceeding.I just set one up in NJ and it took only a few minutes on the internet and cost a little more than $200.Since the LLC has no history, we are purchasing the property as individuals and then transfering it as an asset to the LLC immediately after closing, or at the closing.

always remember that those type of equations are rule of thumb to get u in the general $ amount.

That is what I love about Real Estate.... so much of its general rules apply to life in general.

Read robert kiyosaki book on Tax Loopholes, i read it and formulated a list of questions to ask a CPA when i find one to see if they are still applicable today... jus a few examples are decpreciation (unsure on how exactly it works but i understand the concept), some rules on capital gain and how to avoid it.

Set the rules.

They might be useful but I can't guarantee it.I'm still reading up on the rules so I hope posting these don't violate anything.

Also be sure to learn about any rules or regulations specific to the area that you plan to invest in!

i'm not sure of the rules either but this might get blocked out.