All Forum Posts by: Wesley Wells

Thanks Douglas Skipworth

Hi, I am looking for suggestions on a real estate attorney in the Memphis area with knowledge of the note investing field. Any recommendations??

I am new to this space but I will give you my input. I wouldn't worry about the child support judgement lien on the property if your strategy is to make it a re performing note but if you want to acquire the property, a foreclosure is the way to go. At this point Im mainly concerned about the unpaid taxes on the property, if these are in fact property taxes and not state taxes.

Elizabeth I was looking into self directed IRA but I'm just in the researching phase. What resources did you use to understand IRAs?

Thanks for the help!!!!

Hi BPers,

I am looking into setting up a LLC company for a note investing company based in Memphis TN. I am seeking some legal and accounting recommendations so I can ensure my company starts on a solid foundation. Any suggestions?

Also are there any note investors that wouldn't mind sharing how their company is structured?

All help is appreciated!!!!

@Eric Schleif Oops I thought I provide the information. The interest rate is 4.25% and 1.5%of the unpaid balance for a assumption fee.

@Paul Timmins Good tip. I will send you a email shortly for a copy.

@Ryan Koehler This is the first time I have heard of the Berkadia and AxioMetrics. I will take a look into those resources. Thanks

@David Thompson Thanks for the information.

@Chris Tracy Thanks for the concern and can say I do have a soft spot Memphis. I will try my best to be careful. 

Originally posted by @Robbie Reutzel:

Sure.  Natural barriers to expansion meaning bodies of water etc. that make building impossible or very difficult.  There's only so much dry, buildable land :)

 Thanks for the explanation @Robbie Reutzel

@Jonathan Russell Thanks for responding. I have added Jonesboro to my target area for market analysis and I would love to meet over a cup of coffee to discuss the market.