All Forum Posts by: Bob McIntosh

AHHHHH!!!! thanks!!! :)

So either I am totally blind... or... I am totally blind....

How do I shut off topic response notifications, my yahoo account is starting to hate me :P

Be sure that the tenant is not expecting any discount for an upfront payment. Also be sure they don't want any interest on the money... other than that... I can see no downside....

"We" without a doubt in my mind. It makes it sound like you have a team or at least someone else who is going to be working towards buying your house. "I" sounds like that loner driving around in a white van with no windows and "Chester" as his license plate :P :wowie:

search the forum for Bird Dogging, its quite legal and something a lot of people do!! :beer:

I think we can safely say its 4 and consensus worthy, 1 more and we can call it a conspiracy!!

:beer:

In my hometown if the tenant fails to pay for the water it is still attached to the landlord, and after enough time the city will place a lein against the property for the amount owed to the city for the water. More often than not, if the landlord is paying for the water then the rent has been increased to cover the average cost of the water being used. While this may not always be the case, it is what I have seen most often.

REIUSA i would do some searching on the forums, there are quite a few topics that cover all of this information and more.

Good Luck!

If you get your money back then it is certainly worth it. For myself I have trouble envisioning spending that kind of money as it would equal about 30% of my current salary :P However I am in the process of purchasing only my first unit, not my 50th :)

To 423Chandler and robmack thanks, I looked into this some more and it appears that there are ton's of schools that offer either a masters of science in real estate development, or a MBA with a concentration in real estate. Columbia has one that was most intriguing to myself as I live just outside of Manhattan and my ultimate goal with REI would take me into Manhattan. I imagine its about $70k for a year there... at least thats what they are asking for an MBA, but at the same time I am sure they have some unbelievable connections to get you going in the world of real estate so its certainly worth looking into :) But enough of that, I don't want to hijack this thread any more :) I may open up a new one when I have some more information.

Hello everyone,
So I will be beginning the process of setting up an LLC to transfer my first property into which I will be purchasing shortly. I was wondering (and I know that I need to speak to an attorney and an accountant) what is the best state to incorporate in for Real Estate?

You always hear about how Delaware has the best tax laws for corporations, and how each and every state has some different rules and regulations that govern corporations... so... whats the best one? Does it matter? Should I just stick with the State I live in? Should I stick with the state my investment is in? (I live on the border of my state)

Educate me!! :groovy: