All Forum Posts by: Maurice Lightner

All, but 3 of my investors are in real estate. We were all doing individual duplex deals, but now trying to do larger deals together. Ironically most of my friends and family are from Philadelphia. 

Thank you for responding. 

@Brian Adams so I have a a few properties in mind. I have about 8-12 people (close friends and family) that are willing to invest and two hard money lenders that I can tap into if I need it. I'm just stuck on how to actually form the deal and was wondering what is the difference if I just form an LLC and partner with everyone. Are there restrictions on how much each person can invest.

I would love if I had someone I could communicate with through every step of the process and possibly give a small equity percentage of the deal for compensation.

Hey Keith did you have any luck with this? 

What do you mean by that?  

I remember an episode about a guy who focused on buying condo’s. It came out in 2018. I was wondering if someone new what episode number it is.

So I should put down 10% of how much the house costs? 

I’m not worried about the neighborhood it’s not a dangerous neighborhood. We both lived 1.5 miles away from here separately 2 years ago. And the rented bedroom maybe someone we know. 

I have the opportunity to acquire a house 3/1 in a C- Neighborhood. Now I’m familiar with this neighborhood and myself and my girlfriend used to live close to this area. 

The seller is under water on the house bought it for $150K, but now worth about $130K. He wants to move out of state for a better job, but is stuck because of the house. 

The mortgage is about $1200 a month, pretty much what we are paying in rent right now. 

Our goal is to take over his payments and move in the house and rent out the 3rd bedroom. 

Is this a good idea or not? All suggestions are welcomed. 

@Liz Ellis I actually didn’t do the deal. I bought a house on my own first. I’m still going to do it, but I had a setback and so did one of my friends.

I'm thinking about setting up an LLC with the parties involved. My problem is that would be a lot of different LLC's if I do deals with different people.

So to answer your question I haven’t figured it out yet, lol.

@Cimarron Carter a subpoena to request does not mean their guilty, I agree with that. The SEC have to do their due diligence. I honestly think the inquiry might have to do with all the publicity he has generated. I’m not even sure they will get arrested or shut down. From the beginning I was hesitant and skeptical and this supports my fears.

Did you invest?

@Cimarron Carter they are supposed to conduct business as usual and deflect any attention away from them. Guilty people never admit their guilt. When I asked him about on Instagram he ignored it and he has always respond to my questions in the past.