Everything Else

Type of Business to open

I am looking to open a business to make my real estate independent of me in every aspect and i seem to be hitting walls.

I was about to open a LLC and when i went to a few major banks and 2 credit unions they told me they would run my EIN and my personal SSN for a equality loan.

My question is what type of business can i start that makes my business 100% business related and none related to me besides the fact i own or manage the company in regard to taxes and loans i apply for.

The reason i am trying to do this is because an ex g/f destroyed my credit 5 years ago making it impossible to get a loan.

Newbie Jumps into the Pool

I have been studying Dean's system on and off ever since February of this year. Although I needed to start right away, I couldn't. One day, I happen to find this house owner who has been trying to sell his house in the market for a long time and he has decided to turn in the house key to his bank.

I just don't know what to do as my first step.
How can I reach out to this owner before bank sends him the documents to sign?

What is the right way to offer him?

I just can't help myself to calmdown and read through all of the FAQs, because I'm too impetuous.

Please push me to the pool by providing the step by step instructions.

Flashback to 2010 - Seeing RED!

In June of 2010 I was working in downtown Chicago. The Chicago Blackhawks had just won the Stanley Cup and the city was putting on a big parade. There were about 4 million people celebrating downtown and it appeared as a sea of red! Back in 2010, I was still working in downtown Chicago and was not sure what the future would hold.

Now in June of 2013, The Chicago Blackhawks just won another Stanley Cup and my own future is brighter than back in 2010. I am able to create my own opportunties with real estate and in turn, control my destiny. Sometimes in a day job, others can control where you are today and where you might be in the future. As a CPA, I really enjoy accounting but I love real estate.

Very New to Investing - Interested in Fast Cash

Hi, i'm a recent high-school graduate looking to start investing fast cash. I just came out of the Boots of the Ground Workshop and came to learn of such strategies like Bird-dogging, Contract Assignments, and Double-Closings. To reiterate, i am really new to Real Estate, i never owned or rented a home for myself, I never had a job, and i only have a vague knowledge on what even the most basic terms in Real Estate mean in definition, and i may have a mild case of aspy. Could someone walk me through what should i do in the latter 3 techniques step-by-step in a way that i could fully understand in detail? I feel determined to doing what is to be done in this business, but I fear I may do it wrong and end up losing money and time.

Yard Sales can be profitable for Ebay, Craigslist and Real Estate!

It's a beautiful Spring morning as we head out of the house to run errands. The sun is shining, the birds are singing and there is a smell of freshly cut grass in the air. People begin to do their Spring cleaning and most are looking at ways to clear some of the clutter from their lives!

Often people will have a garage or yard sale to help clearthe clutter. We often see these colorful signs in the lawn or up on poles that read...YARD SALE! You may have wondered if anyone reads these signs? You decide to go to this yard sale thing and you see at least 50 people taking over the neighbor's yard.

A Hardheaded Seller

Ok so about a month ago I came across a seller negotiated a deal that brought in $2600 a month which i thought would be good for my buyers because its in his target area we negotiated the earnest money and terms and now he wont give me a contract unless he speaks with my buyers. A month later goes by i ask him wheres the contracts he said he will send but he keeps insisting that he speaks with my buyers first and im like yea right, like i would give you the opportunity to go around me and steal my buyers and close a deal without me he knows just as much i do that nothing in the real estate world will be exchanged without anything in writing. I dont know you like that. LOL. Now hes saying its because he hasnt gotten the earnest money and a transaction cant be complete without it.

What time is it?

As you build your buyers list, network with realtors, recruit bird dogs and do all your advertising to generate leads, you hope to score and lock up a deal! The problem might be, are you making enough offers?

Often, people find the deals run the numbers and they do not fire off the offers. They need to confirm a few more things. They need to make sure they thought of everything. They need to make sure there is no rain in the forecast. Silly right? Often we want to fire out offers everyday, week and month but what is holding us back? Ready.....aim......aim......aim......ready.....ready......hmm?

#6 thing you need

Well, if you've made it this far, and still have NOT done a deal...it's OK - REALLY.

NOW you're finding out that REI takes time and EDUCATION.

#6 is PARTNERS

Partners can make a deal possible when you can't do it alone.

WIN/WIN/WIN for ALL = Repeat Deals!

KEEP GOING !!!

Joint Venture questions

Hi,

If this isn't the right place to put this, I apologize in advance.

I am thinking about wholesaling and thought of JV with an investor. Questions just came to my head and can't seem to find answers.

We both are investing as individuals, no company.
If we get into an agreement;

1. Do we need to register this JV as a business in the State we are operating in?

2. Do we need to register a "DBA" (Doing Business As) name?

I saw a few samples of JV Agreements and some don't mention anything about business name and then there's one that says

Name of Joint Venture. The business and affairs of the Joint Venture shall be conducted solely and at all times under the name of "____________________."

Anyone who actually did JV before, can you advise?

Thank you

Syndicate content