Lisa Caro
LLC for purchasing bank notes - what state?
Hi everyone! I am currently forming a NM LLC, but live in NY. Let's say I purchase (performing or non performing) bank notes from a lender in Illinois. Do I then register my LLC in Illinois? I've looked for this i...
John Cho
Unresponsive property manager - need advice
I am a out of state owner of a condo located in NJ. I have used a property management company for over 9 years without any major problems. The last two months they have become completely unresponsive by email and pho...
Tiara Murray
How does the Developer get paid, and when?
I had another quick question. I was wondering how else a developer gets paid from a real estate development, other than selling ownership. I was reading about Donald Trump and how he was paid management and constructi...
Eran Withana
My Roofstock Experience
Since there are few threads requesting for roofstock experience, decided to share my not-so-good experience with them. Disclaimer: I might still work with them in the future, but definitely will not be my first or sec...
Annunciata R.
How many Staff do I need in a New Construction Company
I would like to start my own construction I already have the inventory - Land The idea is to build 5 - 6 new homes each year and buy 5 to 10 new lots each year. Finance is already in place for these projects but ...
Account Closed
Creating A Commercial Real Estate Firm
Creating An Investment Firm(Advice) Hi Everyone, Brief Bio: Age: 25 Education: Finance MBA (Non-Ivy) Occupation: Securitized Products Group Internal Auditor at a Big Firm. Mitigating risk within, CMBS & Tax Orient...
Isaiah Williams
Just Filed for an EIN for my LLC... should i file form 8832?
so I just recently filed for my LLC and Ein. After I received my employee identification number, I was told that if I want to, I have the option of filing form 8832 "Entity Classification Election" and elect to be cla...
Brendon K.
How do people hire help legally when they're starting out? (US)
So I believe it's well known that when you're starting out in REI you should start out doing everything as a private person, not a business. For one, your appraisals use an entirely different method which can definite...
Ashton Levarek
Teamwork and Long Distance Apartment Investing
Do you live where you work?We often get asked if we invest (i.e. buy real estate) where we live.The answer to that is a resounding NO. We live where we want to live and invest where it makes sense. That is the benefit...
Austin Works
First hire for flipping business?
I have been flipping houses and small multi-family, while maintaining a day job, for two years now, and I am looking to grow my business. There are many things that I know should be getting done, that I simply don't m...