I would put his legal entity on title as well and do whatever the lawyer instructs you to do to make sure that he is somewhat active to avoid securities problems.

Time will usually tell whether this is a temporary spike causing the disruption.My advice to you is to research the market by talking to other local investors doing similar activity.

Beyond liability, you should consider the tax implications, as well as the organizational, reporting, and paperwork requirements that pertain to different tax entities.As for piercing the corporate veil, remember above all else to keep your business and personal accounts and activities 100% separate.

Our local REIA group is really active and joining it was the best decision I ever made.

In Massachusetts If I bring a buyer to a property I get a commission and if that buyer gives me the listing after they rehab the property I get a commission when it sells. my goal is to be working with a large group of active rehabbers where they are continuously buying and then giving me the listings after they flip the property.

Business days include: •A day when you conduct significant business activity •A day you spend traveling to a business destination (on a reasonably direct route) •A weekend or holiday sandwiched by business days •Weekend stay-over days necessary to save transportation costsWhat Travel Expenses Are Deductible?

Kelly I looked at recruiting agent for my firm years ago.At one point I did an active campaign and had about 45 agents at my firm at one time.I have found most agents feel entitled or won't follow the steps you tell them to be successful.They will skip some steps because they are lazy and want to "get rich quick" like the rest of the population which is why so many fail.If I add an agent say on a 70/30 split then I have to take time from my own deals where I make 100 percent to make 30 with them.The training and getting over their mindset takes so much more time than me doing my own deals.This is why I have only 7 agents right now.I got rid of the rest.Many companies try the 100 percent model but you get either new agents having no experience,part-time agents who are rusty,child support demands,irs tax liens,license lapses for education and or non-payment of dues etc.It is a huge headache to keep up with for a low return.If you go the other route you can train new agents for a fat split before they leave the business or train a select few agents that you want to feed leads to on your team.I just focus now on my own investment purchases and my own commercial listings.

Invest a little yourself up front in your profile, present yourself as a real serious person who cares enough to get and offer real advice, and really contribute to the goal of collectively enhancing the memberships wealth base through your knowledge and activity.

Depending on the size of the club, you should find those active in many areas of real estate.

If little to none, it would be foolish to get into becoming a landlord without fully understanding that business.It also makes a difference if he wants/needs to be passive or active in his investments.