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Hello all,
I am brand new to the world of real estate and very excited about it’s potential to make lots of money. However, I have no idea where do I start. I want to start my business doing Mobile Homes, Wholesaling, and lease-options. I was told you should buy and sell real estate under a S or C corporation but you should buy and hold in an LLC. I want to start my business the right way. So what are things I need to do first in order to protect myself and operation a totally legitimate business.
Thank in advance,
Maurice
Maurice
Welcome to the family at CashFlowDepot.com
Arcinio is right. Start with reading my book Real Estate Profits on Steroids. You get it free as a member. Click on the green box at the top left that says New member Bonuses and Quick Start Guide.
For your real estate business, start with some wholesale deals. Don’t worry about LLCs and Corporations until you actually DO A DEAL. Get a few deals under your belt, then we can talk about entity selection.
For learning what to do and how to do it, follow the advice in the Quick Start Guide. for your training.
Don’t try to do 3 or 4 techniques at the same time. To start with, focus on i thing only, get good at that then add another technique.
If an opportunity comes along and you’re not sure what to do with it, get on the forum to ask for help. We’re here to help you succeed!.
Best of Success
Jackie
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