Utilities, taxes, insurance, HOA fees, whatever.

I was informed through my agent he knows someone who sells foreclosures at the courthouse with a 10% fee at the courthouse.

The bank for the most part does not want to see a lot of fees on there end.2) How/where do I create a net sheet for the bank?

I thought i could avoid the $800.00 fee they charge in CA.

This would happen whether a REA was involved or not.If the investor dislikes working with me because of a 5% higher price, due to my fees, then I understand.

So I should be subtracting realtor fees too....The current deal I am looking at and considering making an offer looks like this:ForeclosureArv: 225-230kAsking: 140k.

Now I'm not asking for anyone to be a babysitter to me, but someone that doesn't mind pushing me and etc.and I'm not looking for any fee based mentoring or coaching (because most are more interested in getting your money then actually helping you), but someone that doesn't actually mind helping out others without expectation of reciprocity.

Oh, and do I have to pay any fees etc?

Sorry, my mom is a Shakespeare buff and she would be proud :lol: So I was just about to go to the County Courthouse to file for an Assumed Name(DBA) but now I'm considering starting an LLC for multiple reasons and I'm curious as to what your opinions are.A little about me:I have not yet done a dealI have been studying for some time and I'm ready to get startedI have every intention of doing this full-time but I will not quit my day job until it's a realistic possibility(1-3 years)My only assets are my house which is homesteaded and a car with 100,000 miles and serious hail damage so I'm not concerned with asset protection at this pointI am interested in wholesaling/rehabbing(rentals in the near future)I have $10K-$20K startup capital I will be using Hard Money for my first several rehabsI have excellent credit (771)I am now thinking about starting an LLC in Texas(one-time $300 filing fee)for my rehabs because I want to build up business credit and season my company so I figure I might as well start now.Once I acquire rentals I will definitely setup an LLC but that is not an issue yet.Given the information, should I form an LLC or just do my first few deals as a sole proprietor and then get my LLC?

It may also be local Dependant so I would check with some others in your area on those laws.On another note you may want to make sure the people you are sending listings to are agreeing to pay you a bird dogging fee.