All Forum Posts by: Joshua Ferrey

Jorge Pena Damn!!! That is an impressive start to an investing career! You've got great options for days! Can't wait to see which path you take..keep us posted..congratulations!!!

If Im not working into the evening Ill definitely come by!

@David Dachtera @Account Closed Thanks you guys so much for your advice. I think I can make a much more safe and educated move now before I do this..

Kenneth G. Well it hasent happened yet..it was a hypothetical situation but that's why I'm on trying to get advice to execute it correctly. So the consensus is to consult an attorney for the contracts and create an LLC with a bank account and do everything thru that?

@Account ClosedHey Ken I appreciate your feedback. Ok so if I'm understanding this correctly I need to set up an Llc immediately here in California and work everything through there. I didn't think this low level of money was SEC calibur but thanks for enlightening me. Ive done them all with contracts and got them notarized but it sounds like I need to go a little further. Thanks a million!

Hello all! So I was wondering if anyone could help me with advice or possible experience with what the legal or tax implications might be when my investors give me large checks which I deposit into my bank account after we have worked out a deal. Example: I have 3 investors ready to invest with me on a deal and they each give me a cashiers check for 30K which I in turn deposit into my account and then withdraw or transfer to someone else to begin the purchase process. Ive heard about transactions over 10K being subject to possible scrutiny by the bank but just want to hear from anyone who has done it or is doing it. Or if there is some other more acceptable method of collecting investors money I would greatly appreciate it. Im just starting my syndication adventure and want to make sure Im doing it correctly since I'm dealing with large amounts of other peoples money. Thanks BP!!

I'll be downtown that day and will be able to stop by!

@Sean Walton I work right around the corner so hopefully I can sneak out of work for an hour to talk real estate with everyone!!

@Sean Walton I am an aspiring investor from San Francisco as well and would definitely love to get together with other investors to kick around RE ideas...put me down!!

Hello BPers!! I'm seriously considering investing in SFR in Reno. Any thoughts from you guys on areas that would make sense to cater to all the new jobs being created up there lately??