All Forum Posts by: Megan Templeton

Hi there! @Jemma Jacques

Royal Legal Solutions is a great resource for what you are looking for. They are a one stop shop operating in all 50 states have attorneys and CPAs on staff to assist with entity structuring, business planning, and tax planning.

Thanks,

-Megan

Hi there! @Matthew Dzak

Royal Legal Solutions is a great resource for what you are looking for. They are a one stop shop operating in all 50 states have attorneys and CPAs on staff to assist with entity structuring, business planning, and tax planning.

Thanks,

-Megan

Hi there! @Jeff Eames

Royal Legal Solutions is a great resource for what you are looking for. They are a one stop shop operating in all 50 states have attorneys and CPAs on staff to assist with entity structuring, business planning, and tax planning.

Thanks,

-Megan

Hi there! @Phillip Wong

Royal Legal Solutions is a great resource for what you are looking for. They are a one stop shop operating in all 50 states have attorneys and CPAs on staff to assist with entity structuring, business planning, and tax planning.

Thanks,

-Megan

Hello @David Galea

You do have a claim for fraudulent representation but unfortunately it will likely cost you more in attorney fees to fight it than the original 3k earnest money. I would recommend trying to work it out with your agent, but if you cant do so, it should be noted it will cost you more to resolve than the resolution would be.

Thanks,

-Megan

Hi there! @Tracy Williamson

Royal Legal Solutions is a great resource for what you are looking for. They are a one stop shop operating in all 50 states have attorneys and CPAs on staff to assist with entity structuring, business planning, and tax planning.

Thanks,

-Megan

Hi there! @Brian Simental

Congrats on your first investment property. I do recommend holding the property in an LLC - an LLC with anonymity if possible. The important pieces to consider when setting up an LLC is the cost to form the LLC, the state requirements for compliance, the charging order protections in the state, and lastly where the property is located (although this is not definitive). The LLC formation process involves completing paperwork and filing with the secretary of state, paying a formation fee, and creating an operating agreement. The cost varies by state. The process can take between 1-6 weeks depending on the state, attorney you are working with, and complexity of the operating agreement. For attorneys, I would recommend researching real estate investor specific attorneys and those that operate in multiple states so that as you grow and purchase properties in other states, your attorney team will be able to accommodate your needs. I would check out Royal Legal Solutions. They are a one stop shop operating in all 50 states catering to investors.

Thanks,

-Megan

Hi there! @Myles Cheatum

Congrats on your first investment property. For attorneys, I would recommend researching real estate investor specific attorneys and those that operate in multiple states so that as you grow and purchase properties in other states, your attorney team will be able to accommodate your needs. I would check out Royal Legal Solutions. They are a one stop shop operating in all 50 states catering to investors.

Thanks,

-Megan

Hi there! @Nick Furukawa

Congrats on your first investment property. I do recommend holding the property in an LLC - an LLC with anonymity if possible. Nevada and Wyoming do provide great LLC options - the important pieces to consider when setting up an LLC is the cost to form the LLC, the state requirements for compliance, the charging order protections in the state, and lastly where the property is located (although this is not definitive). The LLC formation process involves completing paperwork and filing with the secretary of state, paying a formation fee, and creating an operating agreement. The cost varies by state. The process can take between 1-6 weeks depending on the state, attorney you are working with, and complexity of the operating agreement. For attorneys, I would recommend researching real estate investor specific attorneys and those that operate in multiple states so that as you grow and purchase properties in other states, your attorney team will be able to accommodate your needs. I would check out Royal Legal Solutions. They are a one stop shop operating in all 50 states catering to investors.

Thanks,

-Megan

@Braden Bruce

I would recommend setting up an LLC for the partnership. The ownership breakdown and responsibilities would then be listed in the operating agreement to avoid any issues. Additionally, it would give the liability protection you would want as you develop and grow the project.

Thanks,

-Megan