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May 24, 2012, 12:07:04 PM

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Real Estate Investing Forums  |  Real Estate Investing  |  Bird Dogs, Wholesaling, Flipping Properties Forum (Moderators: $Cash$, Bluemoon06, kdhastedt, Mdhaas, motivatedceo)  |  Topic: A few questions... « previous next »
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SPC
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« on: January 11, 2006, 02:41:29 PM »

Hi,

I'm looking for attorney resources to create and LLC in GA.
1) Once I have my LLC, what are the benefits of an S-Corp in addition to an LLC?

I will also need a good CPA in GA.
2) Do you have a list of reputable CPA's that truly understand investor's concerns & needs?

3) I'm looking to build an Excel type worksheet to help me know if I've found a real deal (number chrunching steps, if you will).  Will you share the worksheet that you use?

4) When can I obtain various contract templates?


Thank you,
SPC

« Last Edit: January 11, 2006, 07:17:42 PM by SPC » Report to moderator   Logged

kdhastedt
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« Reply #1 on: January 11, 2006, 03:00:51 PM »


<<I'm looking for attorney resources to create and LLC in GA.
1) Once I have my LLC, what are the benefits of an S-Corp in addition to an LLC?
>>

Conventional wisdom:  Buy and hold in an LLC, flip/wholesale with the S-Corp.

<<3) I'm looking to build an Excel type worksheet to help me know if I've found a real deal (number chruching steps, if you will).  Will you share the worksheet that you use?>>

http://www.reiclub.com/forums/index.php?board=29;action=display;threadid=11527

<<4) When can I obtain various contract templates?>>

Get contracts from a local Realtor or your lawyer


Are closings in Georgia still handled by attorneys rather than by title companies?

Keith


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I have CDO...it's like OCD but in alphabetical order - the way it should be!
BandB CONTRACTING
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« Reply #2 on: February 20, 2006, 12:53:43 PM »

i know of a good corporation attorney in Atlanta

I hope it's okay to post his number here

Ryan Isenberg
770-351-4400
www.Isenberg-Hewitt.com

Dan
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B & B CONTRACTING
678-687-7592
BBContracting1@yahoo.com
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« Reply #3 on: February 20, 2006, 05:10:13 PM »

Don't make the mistake a lot of new investors do & set up an S-Corp too soon, it will cost more $$$ than it's worth. My CPA told me not to set up an S-Corp unless I was going to net at least $25000
Starting with an LLC is a good idea. You only have to file taxes yearly instead of quarterly like a corp
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Real Estate Investing Forums  |  Real Estate Investing  |  Bird Dogs, Wholesaling, Flipping Properties Forum (Moderators: $Cash$, Bluemoon06, kdhastedt, Mdhaas, motivatedceo)  |  Topic: A few questions... « previous next »
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