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More and more people are
thinking about setting up a business to invest in real estate and should
consider establishing a limited liability corporation (LLC). This means
contacting an attorney who has established these types of corporations
before. The attorney will help you conduct business and protect your private
assets, such as your personal residence, in case you are sued by a tenant,
owner or seller.
Here are a few online
resources to get started:
www.companiesinc.com
www.nolo.com
www.findlaw.com
While you are waiting for
the paperwork to clear on the LLC, start looking for a realtor like me who
can walk you through the real estate investment process. I have an intimate
knowledge of the investing world both locally and throughout the U.S. I
have helped many investors get into their 1st and 2nd
properties but also invest in real estate myself by pooling investors’
money to form real estate partnerships.
The advantages in getting
involved in our partnerships are the following:
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Managing partner has his money in every deal
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Managing partner treats his partners fairly and doesn’t put his own
interests 1st
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Low initial investment, risk and management fee
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All bills paid by managing partner; no management headaches
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Year-end statement provided to investors for tax purposes
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Ironclad partnership agreement
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All major decisions made by majority rule
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Investment areas and properties have been personally screened by
managing partner
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Open communication between partners and managing partner
Areas invested:
| Bluffton, SC |
Peoria, AZ |
| Bonita Springs, FL |
Round Rock, TX |
| Charlottesville, VA |
Surfside Beach, SC
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| Ft. Myers, FL |
Clarksburg, MD |
| Estero Beach, FL |
N. Myrtle Beach, SC |
| Lake Harmony, PA |
Massanutten, VA |
|
Surprise, AZ |
Las Vegas, NV |
As part of our concierge
service, I supply our investors with home inspectors, contractors,
insurance providers, title companies and great loan officers who will hunt
down the cheapest and best financing available to investors. All this makes
life simpler for our clients.
In conclusion, I tell
investors "what they need to know and not what they want to hear" about a
particular investment property and I practice what I preach about real
estate investing. |