All Forum Posts by: Kyle Fielder

Thank you everyone for all the input, it is much appreciated.

 Hi Erik

Terms were not talked about, he wanted time to go over some numbers. 

My wife and I own a small business and rent a store front in our town. We were approached by our landlord with an offer to buy his property. The property includes 4 store fronts, including ours and 6 apartments above the store fronts. We have talked to our accountant and he advised us not to buy the property under our current llc and apply for a new one. The problem I'm having with that is the few banks I've called want the new llc to have been in business for certain amount of time or that they don't give loans for that sort of business. This is the first time my wife and I have done something like this and we need help moving forward  or some helpful tips. Could anyone recommend what kind of loan to get, the right questions to ask, or which bank would be the best. Also, he said he would think about seller financing but he would rather us get a loan. Any suggestions or advice will be greatly appreciated. 

Sorry for the late response, been away from the computer for a while. Thank you very much for the feedback.

My son and I are wanting to start a business in Michigan, we don't know where to get a LLC or LLP. If we were to get an LLC I didn't see a spot where to put two business partners names in the Articles of Organization. If we are missing something please let us know, thanks in advance.

@Tom Bell thank you for your offer, if I have a chance to make it out your way I would love to sit down with you and your meetup group. 

@Roy Ulmer that is great that you are so close by. Yes, that sounds great. 

@Chad Barson it was Rich Dad Poor Dad.  

Thank you all for the responses. @Ned Carey I agree, it has taken me a longtime to figure that out and now I know the kind of people that I want to surround myself with.  @Jeremi Singletary I can't wait. @Tim Johnson that would be great, I will be in touch if I make it over that way. 

Hello, my name is Kyle Fielder and I live in Durand Michigan. I have worked for the City of Flint for 24 years as a wastewater facility senior operator and I have no real estate investing experience. I have put in many hours at my job to support my family only to be harassed and threatened about how much money I am making because of the amount of overtime I take, which isn't much. Several months ago I read a book that completely changed the way I look at money and investing and I realized I was doing it all wrong for half my life.  From there I have been reading books, listing to podcast, and on keeping up with forums to soak up every piece of information I can.  I am eager to start a new chapter in mine and my families life, so I can stop working for someone else and start working for myself. I am looking forward to learning more of the ropes.