Wow, those fees sound ridiculous. We charge $300 to setup and LLC, bank account and EIN, and it’s $100 per year after that to act as your registered agent. We work in Michigan, so I can’t speak directly for Atlanta, but I’m shocked at those prices to simply setup an LLC.

Now, I will say this, if they are setting up an operating agreement (which…[Read more]

Jay, I very much appreciate you comments.  Like I said, this is something I have been contemplating for awhile now, and I'm glad to see someone implementing such an approach.  The more I think about it, it just makes sense, and honestly it seems quite simple the way you have it setup.Again, thank you very much!Cheers!

This has been a very spirited discussion, and I understand both sides of the argument. My company is very similar to Nathan’s and I understand the systems he has in place to ensure lower turnover, lower maintenance costs, etc. I can go into a very long discussion on the systems we have in place for this, but I’d much rather talk about a more…[Read more]

Property-Scout, this is a great idea. To follow your lead, I can offer the following team members that I work with here in Michigan:

Building Inspector: Quality Home Inspection Inc. – John McAuliffe – [email protected] – +1-248-471-9800
Title Company – Seaver Title Company – Jason Seaver – [email protected] -…[Read more]

Hi David,

I’m currently rehabbing and marketing properties in Detroit and Pontiac Michigan. You can contact me by email below…

Great post Property Scout, but I have to disagree with you on Detroit. What sent Detroit down the tubes 5 years ago is the exact reason Detroit will rebound so heavily in the future.

The auto industry in the US certainly hit a major setback in 2008 and there were massive job losses in Detroit. This coupled with the foreclosure crisis caused…[Read more]

Great discussion. Opening a bank account is very easy if you come to the US. If you’re not planning to come to the US it can still be done in three steps:

1. Open an LLC and obtain a registered agent.
2. Obtain an Employer Identification Number (EIN) for your LLC
3. Open the US bank account in the name of your LLC with your EIN.

I would…[Read more]

I think I can lend some help to this conversation as well. Like Dan I also live in Michigan and I am investing Michigan for the same reason Dan stated…everything is on sale. You need to know the right areas to be investing in because like every city there are certainly bad areas. However, if you know what you’re doing now is a phenomenal time…[Read more]