Like Steve, I keep it simple with QuickBooks, Excel and Google Docs...I see a lot of real estate guys using complicated tools and spending more time dealing with the tools than doing deals

I'm interested in this technique and putting in the effort to build the list but need a little guidance when it comes to the proper office to contact.

We learned a technique far too late in life called "extinction and redirection".

See your attorney to structure the LLC, it's not complicated. :)

Don't make it hard or complicated unless it really needs to be, most residential deals are pretty simple.You also need to do what is customary in your area, you will be much better off using a contract the judge has seen before than making him read through a bunch of guru stuff.

All this assumes offerings under $500K.I could also see buy/hold investors "spinnig off" small micro-portfolios made up of established properties with reasonable historical returns relative to much larger hedge fund operators with poor acquisition techniques and massive manager payouts.

This complicates things only slightly as depreciation needs to be kept track of for the Traditionals since there is tax implications when withdrawals happen some day, and there are not with the ROTH SDIRA since no taxes are due upon withdrawal.One of the main reasons we did a 3 way partnership is that we all knew we wanted to have more than one rental as opportunities presented themselves, and felt our joint funds could better accomplish this.

Hey @David Moore the meetup went really well =) We had ten people attend and I did a presentation on what techniques I use in wholesaling.The group gave ideas and spoke about some of their strategies as well.We answered a handful of questions too!

I also always take a contract with me with blank price, same as others have suggested.As for talking about money, I'm a firm believer that it's important to know techniques but it's also important to use words and phrases you're comfortable with or else it will come off sounding awkward and artificial.

I'd also suggest that whether you decide to flip home or undertake some other REI technique that you focus on it until you are excellent at it before trying to branch out into other areas.Good Luck!!