I bet she wont think that is insulting!

(Bookkeepers and accountants withOUT the CPA license are NOT who you should rely on for RE activities.)

The big question would be do you want to be Active in investing or do you want a passive investment.What many call real estate investing is really just a high paying Job.

Hey all,Ok I've been stalled for a while (well since I got my first triplex wich I still have), things are getting boring and I wanna get active again!

Around here, some neighborhoods are very active and some are completely dead except for REOs at fire sale prices.

I came to a couple conclusions after sitting through her annoying seminar: One...she is probably not actively negotiating short sales but rather making all her money selling her boot camps and packets.

BTW, I just left TX after 30 years as an active investor.

Dad actively managed the property.

The purpose of an LLC is to protect you and all your personal assets outside of the LLC in the event of an unfavorable monetary judgement against the LLC.I agree with the other posters that setting up an LLC can be simple and inexpensive.But would I be willing to "bet the farm" on my ability to do everything required exactly right to remain out of reach of litigious hyenas?

That's scary to a lot of folks...and they leave and don't come back unless they see some activity to improve that situation.