All Forum Posts by: Freeman Schultz
Freeman Schultz has started 51 posts and replied 109 times.
Post: When team member candidates have had a history of lawsuits
- East Coast
- Posts 109
- Votes 12
One of the things that have been coming when putting together a team is how to screen candidates. Sometimes candidates have histories of lawsuits. Is that enough to disqualify them? Or is just bad luck? For instance, let say you are looking for someone to do a Phase 1 Environmental Assessment and one of the candidates has great references but is a defendant in a lawsuit. Should you ignore the lawsuit in hiring them or reject them?
Post: Putting together the team
- East Coast
- Posts 109
- Votes 12
Nothing yet. I am really just starting out. But I am reading a ton of stuff and I just want to be ready when the time comes.
Post: Putting together the team
- East Coast
- Posts 109
- Votes 12
What I have been reading about real estate investing is that putting together a team is important.
In selecting the members how far do you go in meeting them?
Having a one on one conversation with a broker and a lawyer for the first meeting makes sense. But in a situation where an offer has been accepted on a property is it necessary to interview the property inspector and mortgage broker in person? Or is it best to have a conversation over the phone or email?
Post: LLC Questions
- East Coast
- Posts 109
- Votes 12
Thank you so much for the responses.
I am learning a lot.
Is it wise to use the property address itself for the LLC?
Post: Property Inspectors
- East Coast
- Posts 109
- Votes 12
Thank you so much for the responses. It has been very helpful.
Is it normal to interview a property inspector in person or over the phone?
Post: Property Inspectors
- East Coast
- Posts 109
- Votes 12
So I am interested in investing in real estate in Michigan, New Jersey, Connecticut, Pennsylvania and New York. One thing that pops up is the property inspection.
What is the best way to select a property inspector?
What are the standard qualifications of a good property inspector?
Should they be part of an organization? What type of license should they have?
What are the red flags?
How much should it cost? I have heard it ranges from $300-$500.
Post: LLC Questions
- East Coast
- Posts 109
- Votes 12
Originally posted by @Phil Z.:
The Service Agent needs to be in the state. There are companies that offer this service.
Thank you again. I am looking into that right now.
Post: LLC Questions
- East Coast
- Posts 109
- Votes 12
Originally posted by @Phil Z.:
DISCLAIMER: This is not legal advice, just opinion based on experience and research. Any legal questions should be directed to a local attorney.
- You can not use a USPS P.O. Box.
- The owner address does not have to be in the state, but the Service Agent must be in the state. You can use a 3rd party company for the Service Agent if you need/want to.
Thanks for the information.
If I use an attorney as the Service Agent, the attorney must in the state where the LLC is formed or could the attorney find a 3rd party company that is in that state?
Post: LLC Questions
- East Coast
- Posts 109
- Votes 12
I am interested in real investing and I keep reading about how having an LLC is important.
Can you use a P.O Box as an address for the LLC?
Does the address of the have to be in that state or can it be out of state?
I am looking at markets in Michigan,New Jersey Connecticut, Pennsylvania
and New York.