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Updated almost 10 years ago on . Most recent reply

User Stats

37
Posts
5
Votes
Juan Perez
  • Investor
  • Los Angeles, CA
5
Votes |
37
Posts

Anyone have any pointers for a noob?

Juan Perez
  • Investor
  • Los Angeles, CA
Posted

So basically after reading and reading, looks like I want to start in wholeselling as that is where I can build some cash in an account to later on do rehab flips, rentals etc, my question are the following:

1. Should I get an LLC to start or just put the property under my name?

2. Does the contract have to be notarized or be processed by any kind of legal work?

3. Can you make this "contracts or agreements" whatever the official name is? 

4. What kind of exit clause can I include as to say I don't get an interest investor to whole sale the property to? i.e. in 15 days if I don't have the fund just terminate the contract

Thanks in advance

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