The costs are minimal; in GA it costs $100 to file the paperwork, and $25 to refile annually.

Values on the adjoing subdivision will probably go down, due to the increased traffic, noise involved (there will probably be live entertianment) fights in the parking lots etc.

We could file to extend, but the contract says we pay $25 dollars a day.

No charges filed.

We are still new to the investing thing and looking at getting more involved in it.

The only way for c to find out how long b was in title is to go to the courthouse and look at the filing times of the recorded deeds, after the fact.One way and the best way to find out is to ask the closing agent before or during the document signing, how long has the seller been in title?

Lots of husband wife teams could have much lower overhead than a company with 8 others involved holding more properties.

Just a Brian said...Also, keep in mind that an LLC can be taxed exactly as an S-corp if you make the appropriate election.And Minh's point is why you should have a CPA involved -- your CPA can help guide you to how much is appropriate to pay yourself as salary vs dividend.

If you have a junk offer with junk terms it's better many times to reduce the price a little and try to do a regular deal.With owner finance the seller still has to worry about the property,that you will file BK,that your LLC will file BK,that you will leave the property in worse shape then when they sold it to you,and a whole host of other scenarious like that.

Land is a different sale than SF homes, and usually involves a different buyers list.