What I have learned is you need to make sacrifices and when your beginning you need to STUDY (RE), and live within your means.

My real estate background is very limited but I am ready to learn as much as possible.I look forward to speaking with each and everyone of you.

Maybe because they have an in depth page or pages that completely explain the process that exceeds your 1000 word limit?

My real estate experience is limited to owning my own personal home and a recreational cabin!

Sorry, my mom is a Shakespeare buff and she would be proud :lol: So I was just about to go to the County Courthouse to file for an Assumed Name(DBA) but now I'm considering starting an LLC for multiple reasons and I'm curious as to what your opinions are.A little about me:I have not yet done a dealI have been studying for some time and I'm ready to get startedI have every intention of doing this full-time but I will not quit my day job until it's a realistic possibility(1-3 years)My only assets are my house which is homesteaded and a car with 100,000 miles and serious hail damage so I'm not concerned with asset protection at this pointI am interested in wholesaling/rehabbing(rentals in the near future)I have $10K-$20K startup capital I will be using Hard Money for my first several rehabsI have excellent credit (771)I am now thinking about starting an LLC in Texas(one-time $300 filing fee)for my rehabs because I want to build up business credit and season my company so I figure I might as well start now.Once I acquire rentals I will definitely setup an LLC but that is not an issue yet.Given the information, should I form an LLC or just do my first few deals as a sole proprietor and then get my LLC?

An american relative of us is following the whole thing for us and told us about the limited warranty deed. she adviced us to get an attorney.but we can't understand why.we know the bank is providing us a Title insurance, wouldn't it be enough?

We are looking at a particular neighborhood because of schools and amenities, and that is limiting our choices.

Please limit bulk REO discussion to the bulk REO forum, only, and follow the rules for posting in that area.

In the mean time, you can study the business; study your local market; and join your local REIA.It is very difficult to build a successful rental property business with only $45K and terrible credit.

Build your team from referrals you get from these investors.The price of gas will limit this, but driving around is a necessity especially if you have a farm area so you can become an expert on the values in a particular area.