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All Forum Posts by: Jay Jones

Jay Jones has started 5 posts and replied 13 times.

Private Lending & Conventional Mortgage Advice

Post: Total Quality Lending

Jay JonesPosted
  • Posts 13
  • Votes 9

Update: Decided to go with Total Quality Lending and all is going well so far.  We close on March 13th on our first investment property!  Will keep updating.

1 Vote
Tax, SDIRAs & Cost Segregation

Post: First Time Investor Setting Up an LLC

Jay JonesPosted
  • Posts 13
  • Votes 9

I have several questions about setting up my LLC:

1. Do I need an attorney’s help?  I have friends who set up it on their own, ones who used Legal Zoom and others who enlisted an attorney.

2. My rental property is in another state which has no renewal filings or fees after the first year. Is there any reason why I shouldn't set my LLC up in the state where the property is as opposed to my home state? (Mainly thinking about tax purposes)

3. If I sent up own my own what do I need to know? My wife and I are the only ones in the LLC (not a partnership). Any advice here would be much appreciated!

3 Votes
Private Lending & Conventional Mortgage Advice

Post: Total Quality Lending

Jay JonesPosted
  • Posts 13
  • Votes 9

Has anyone worked with Total Quality Lending?  I’m new to real estate investing and am in the process of trying to acquire my first property.  They were one of the lenders Bigger Pockets suggested and everything seems great with them.  Just curious if others have had a good experience with them?  Thanks in advance for feedback!

2 Votes