Hi Curtis
We are in California with a CA LLC, its my understanding that if you live in California you might as well just pay for the Cali LLC and not worry about the other states because you end up having to pay the $800 franchise tax regardless of what state your LLC is in. I am sure there are exceptions and loop holes and such But probably not…[Read more]

Great tip Chuck, thanks for sharing.

thanks for sharing all of this Patrick great post!

I have been using QB invoices as well, for terms deals and for cash buyers the biggest amount to date was for $1400.00
it dose take 3 or 4 days for the payments to post to your account but it works.

is the 3pm member call still happening today?

This may be over kill, but what i did in this situation was file a notarized “Name Affidavit” along with the new deed.

it reads like this

Name Affidavit
Personally came and appeared before me, the undersigned authority in and for the jurisdiction aforesaid, the undersigned, Jane Doe,…[Read more]

Kevin and Luke as always thank you for your wisdom and insights.

Ok so I will bite on this.
I asked my account if I had to send out 1099s
And she came back with because there is no real property ie a house on the land then I don’t have to 1099. I have no idea if this is accurate but I’m running with it for now.

Mike I really like your process thank you for sharing.
I love reading how everyone does business.

Thanks Matt,I appreciate you sharing the details.

I have closed the last 8 properties I have purchased by sending the deed and the check directly to the seller,
I only do this after I talk with the seller for a bit and get a gage on their trustworthiness. I Admit that this approach has a much higher Risk of getting burned but so far all of the…[Read more]

Matt, before you send the docs, are you contacting the sellers bank notary yourself or is the seller,? or are you just sending the docs and check to the sellers bank with instructions to contact the seller?

Thanks for the info Jason I’m going to check that out.

I have been wondering about services like this as well. what kind of documents are you guys using this type of service for, Purchase agreements, contracts for deed? I have two contract for deed terms deals right now and i had the buyers notarize their signature and send it back to me (as the CFFL program teaches) is this really necessary or could…[Read more]

I know Exactly what you mean Kevin! Its funny right after I posted this another seller returned my call. multi property deal one owner should be closed in a few days. three times the property for a lot less work. my last three purchases have been like this.
I love it!

Excellent information Jason.
Thank you for posting this.

Hi Jeff
Log in to landacademy.com go to Resources-Education-cash flow from land education
scroll down to the bottom and you will find it on on the left second box down “download Templates and forms-1MB”