All Forum Posts by: Quentin Noah

@Stephen Schott. Ok, I appreciate that big time. Reading over all the stuff about creating LLC's in certain states had me a bit confused. We'll for sure have to meet up here soon.

I'm in the process of wanting to start an llc for rental properties, holdings and purchases. I live in the cape girardeau MO. Area and I'm not entirely sure if I need a business license or not to do things like wholesale, rehab, and buy and lease out rental properties. I feel as though I migh need one but nowhere that I've read, does it definitively say whether or not one for real estate purposes is required. Any help on this subject matter is greatly appriciated.

@Cameron Tope Looking to understand credit establishment and usage within the entity its self. Basically does my personal credit matter or give me a "foot in the door" when initiating it? Or will i need to start from scratch completly in creating credit history under the LLC.

What are some ways to establish and grow credit within your LLC? And how if possible can you use this when purchasing SFR's and apartments?

Hi all just wondering as someone who is "green" in wholesaling. What are the average/typical fees or start up investment costs I might encounter while wholesaling? What exactly would these include?

Hi guys. A co-worker of mine and I were talking one day and were discussing his new property acquisition which consisted of land right under 30 acres with 2 existing structures ( a 3/2 house and work shop). He explained to me that he was able to get this property at a fair price per acre along with being exempt from pulling out any cash for the down payment. From what he said, he was able to do this because the property is a rural development home.

What is this and what allowed him to be able to avoid putting out any money up front? And can you work this into aquiring a deal when wholesaling?

@Scott Passman Thank you that was very informative.

My question is about OPM (other peoples money) as far as what it means and specifically how it can be utilized in a real estate investors benifit? Also when it comes to leverage what is a good example of it and how should this be practiced?

Hi David. I'm an aspiring REI here in Jackson right outside of Cape Girardeau. Like yourself, I have been doing extensive research into the real estate investing potential this areas offers. At the age of 20 I work a full time job and am looking to enter into investing by wholesaling and rehabing part time and eventually progress into buy and hold real estate.