carolstinson

I have just come on board and am eager to get involved. I just wanted to introduce myself to the community.

It's great to have you join us!!
You'll find this an awesome place to find knowledge and support. Congratulations on taking that first step to your financial freedom!! You won't be disappointed.

Rina

You got a "Yes" answer to the basic question, but things sort of got off the track after that. I just wanted to add that the usual purpose of forming an LLC (or L.P. or Corp.) is to separate the assets of the LLC from your personal assets (called "asset preservation").

This shields your other assets from a law suit that might be filed against the LLC, or shields the assets of the LLC from a law suit filed against you personally.

If you would put your property in the name of your husband's LLC, it could put his contracting assets in jeopardy if a law suit is filed against his LLC because a rental tenant sued the property owner (the LLC). It would be more desirable to form a separate LLC for owning property.

You also need to be aware that many title insurance policies may be deemed to be terminated if the title is transferred to another "person" or entity (even if involving the same people). Check with your title company on this to make sure.

In Real Estate, there could be pitfalls if anything out of the ordinary is done, so make no assumptions, check with a reliable source. Laws differ by state to further confuse the issue. Good luck
in your pursuits.

cactusbob

Thank you for your answers to my question. I want to learn the foundation before I build my empire. (lol)

You are helping many people here and I am thankful to be one of them.

Just wanted to wish you a blessed and Happy Thanksgiving. Glad to see you have the deal maker badge. That's what it is all about on this site. I haven't got there yet, but I am making progress. In a way I am working towards what I expected to be a big deal in the coming weeks. Please pray for me on this first deal. Thanks. Pas. Greg

Carol, I am writing this is a very high emotional state, I am 3 months behind on my house payments and I just heard from CountryWide that at this time there is nothing the can help me with but I am safe until 2/6/09. I have got to save my house for my girls. This situation is causing a rif in my marriage and I can not take it anymore.

I am so hunger to get moving with my REI but I don't know where to start. My credit score is sinking fast and I feel like I am in a fog. I recently ordered DG book and I would really love to enroll in his school but that will have to be later.

Just tell me what you did first, building a buyers list, working property....please give me some steps. I have to do it...I have not choice.

hey. i saw one of your comments on the forum. first of all i dig your picture, name and bottom line verse quote. keep running strong brother! let me know if you have any sucsess with your assigns... im starting up, and taking the same route you are.

Your Bro in Christ,
Devin Green
nvy711@ymail.com
808-927-7352

Ms Carol
l bought deans book 5/29/09 being reading them since and getting excited l was only interrupted since 6/19 due to a pre-planned vacation with my family. l decide not to read then so as not to cheat my family of my full attention during vacation. lm back listened to Deans blog of 6/18 and he said the first thing to do is get BUYERS, BUILD YOUR BUYERS LIST. So l looked at Craiglist last night it was very confusing, l dont know what to do, l prayed as always and asked God if this is your wish please show me the way. This morning l woke went to Deans site looked at questions/answers on how to get investors/buyers. l saw your posting of 10/8/08 it answered all my questions and when l saw the bible passage underneath it l then knew it was the Lord. So l scrolled down readind all your postings l had to get a note to write then down from how you simplify things with 4% charges/not wanting to be greedy etc and even the free indeed you wrote is very inspiring. So lm writing to thank you, plead to use you as a mentor etc. No deals yet just lots of debt a family of 6 but beliving the LORD.

Thank-you
Samuel Oduok

Want to stop by & say hello since your a bro from NJ also. Feel free to message me if you like, much success!

John A

Hi everybody im joshua and this is also my first time.I recently just recieved Deans book in the mail and im have way through but i still dont know where to start.If anyone wants to tutor me im not ashame and willing to learn.

A couple of days ago I send you a message under (Write to author) and I don't know if you had a chance to read it. I like to get your feedback, please let me know and any information or advise that you can give will really help.

Wish you a lot of success and many blessing.

Paul.

Hi I just wanted to tell you I have learned allot reading all your answer's and idea's!! Me and my husband just started Dean's courses. I posted ads on Craig's list like you suggested on how to get investors even if you don't have property. I 've gotten allot of response but now I'm still trying to get a Buyers list & I don't want to leave the people that are interested hanging any suggestions? I've reached out to people in foreclosure's but still no response. Thanks

Carol-Im in new/remodeling also and made most of our money with buying and selling realestate.Looking for clubs to get this moving forward or mentors
bobnorway@(liked your user name)

Thank you for contacting me. What state do you live in?
Who have you contacted for help with your foreclosure?
If you are only 3 months behind you have plenty of time to try to save your house. Months actually... so relax!
Foreclosures are now taking at least 2 years to complete with so many on the market.

Also check out my blog http://www.realwholesaling.blogspot.com There is allot of good info on there that will help you get started.

In my Prayers,
Carol Stinson

Congrats on your finally did it post . I am scared to death to take the plunge do you have any guidance or suggestions I just was laid off from a 32yrs position and am so frustrated I want to start a new career and this seems like a viable choice . I need a HUGE nudge Thanks Don

I just read your post RE: FINALLY DID IT!!! That is really AWESOME!
The one sentence that inspired me the most was:
Sometimes we just have to do it AFRAID!
I am praying for AND WITH you in your family's investing and business future. I know that you will help many people along the way as I'm sure you probably already have.
Thank you for sharing your inspiration and news of your success!
Jeff
P.S. Could you please share with us how you began doing assignments? What was your most successful strategy for building your buyers list? Did you advertise? REI clubs? Contacts from your home remodeling biz? Other sources? Any positive feedback would be GREATLY APPRECIATED by all of us. Thanx again and God bless. (which...we already KNOW He does )

Hi Carol. Hope life is treating you well. I see that you are doing Assignment deals. I live in New Jersey and have finally gotten all my ducks in a row... Lawyer, REA, Buyers, Sellers. etc... I am ready to make offers. My lawyer has informed me that since this is kind of a new stragegy-that some of my sellers lawyers will possibly boo hoo the idea of this kind of sale and even possibly try to kill the deal! Have you run into this problem and if so how did you get around it...