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All Forum Posts by: Juan Michael

Juan Michael has started 3 posts and replied 78 times.

Post: New vs. Seasoned Corp/LLC

Juan MichaelPosted
  • Commercial Real Estate Agent
  • Los Angeles, CA
  • Posts 148
  • Votes 39

Hello,

I'm planning to start a corp for REI purposes, most likely an LLC. I was told that buying a seasoned corp. and just become the personal guarantor for line of credit purposes would be best. I am really unsure of this process and have been reading the posts related to the differences between sole, llc's and s-corps, but i did not see anyone addressing the differences between a brand new corp vs. Buying a seasoned corp. Can anyone offer any insight on this topic ? :help:

Post: Starting a Business in Real Estate Investing???

Juan MichaelPosted
  • Commercial Real Estate Agent
  • Los Angeles, CA
  • Posts 148
  • Votes 39

Good Question Weiss....... I'm interested to know the answer to that question as well.

Post: Setting Up A Corporation For REI

Juan MichaelPosted
  • Commercial Real Estate Agent
  • Los Angeles, CA
  • Posts 148
  • Votes 39

Outstanding,

You all answered my question without me even having to ask it..........

Post: Your Real Estate Investing team

Juan MichaelPosted
  • Commercial Real Estate Agent
  • Los Angeles, CA
  • Posts 148
  • Votes 39

biggerpo,

Will do. Thanks for the advice.

As for the Team, I have access to pretty much everyone on the list, And will begin to assemble reliable associates to fill these roles. I was just not aware that these parts were needed to be successful. You learn something new everyday. No new suggestions at this time....... Just much thanks :D

Post: Your Real Estate Investing team

Juan MichaelPosted
  • Commercial Real Estate Agent
  • Los Angeles, CA
  • Posts 148
  • Votes 39

Outstanding Thread,

4rmgt, I found this looking through your website...go figure. Can you or Biggerpo suggest someone as a mentor for a newbie in the REO arena in the Los Angeles area ? :D

Post: Shout out from So.Cal

Juan MichaelPosted
  • Commercial Real Estate Agent
  • Los Angeles, CA
  • Posts 148
  • Votes 39

4rmgt,

Thank you for the welcome. BIG UP !! :groovy:

Post: Shout out from So.Cal

Juan MichaelPosted
  • Commercial Real Estate Agent
  • Los Angeles, CA
  • Posts 148
  • Votes 39

Hello everyone,

I've noticed some GREAT posts on this forum with some good information. I've been in the RE industry for about 2 yrs doing basic REFI's and sales. I have been trying to EFFECTIVELY reposition myself in the REO & NPN arena for about 7 months now. Close a deal but running into a bunch of road blocks due to my lack of knowledge. I'm interested in picking a few brains around here to get some insight. I have a few GREAT contacts and sources and really looking for more to establish some longevity. Very open-minded and willing to listen and learn. Any help or CONSTRUCTIVE criticism is welcome.

Looking forward to hearing from you all as well as sharing what I can.

Post: Please fill in the profile when joining

Juan MichaelPosted
  • Commercial Real Estate Agent
  • Los Angeles, CA
  • Posts 148
  • Votes 39

ABS,

I totally agree. I've been bouncing in and out for about a month now. Just decided to update me profile. There is some great information out here :D