Could use some help/possibly partner

[Michael Bunker]

Hello and happy New Year's Eve everybody. So my partner and I are trying to start a real estate business, using the brrrr method. We are brand new to real estate, I have a 20+ year career in construction and am a licensed electrician. My partner and I recently won a law suit so together we make a powerful duo financially. Seeing as we have that to fall on we want grow that into generational wealth. We are sick of working our fingers to the bone for someone else. We accept help in any forms. We will be looking in all of New England and open to even further out of state properties. I think her and I know what we want we just don't have any idea how to start the process. I guess one big question is how do we become official? Do we start an LLC? How and what kind of insurance should we be looking into getting? And then one major thing would be help or guidance on where to find properties for sale? Is there a certain site with properties for sale? And also how do I find unlisted properties? Thank you so much in advance for any words of wisdom/critique/anything in between. I have a beautiful one year old boy and a gorgeous wife and I'm just trying to have that time I desire and need with them.

HAPPY NEW YEARS!

Best regards,

Michael Bunker

[Liam Naughton]

Hey Michael,

Congrats on getting to where you are! and kudos for the motivation to build on it!

Clients I've worked with in the past like to have one LLC per property. It limits the amount of liability that is tied to you after each project.

I recommend finding an agent in your area that works with other investors and calling them regularly to see if they have any deals. BP's agent finder is also a good resource for this.

You can look for homes on your own through sites like Redfin or Zillow, just know that their estimates for unlisted properties tend to be a little high (they're in the business of getting you to sell your home so they want you to think it's worth more than it might be, the algorithm doesn't know the condition of the house)

You can go to title companies to buy a list of properties and you can skip trace on other sites to get contact info for the owners. You can also drive around and write down the addresses of houses that are vacant or in need of some work. You also might consider going to Facebook groups and local meetups to meet with wholesalers who spend their time finding off-market deals.

Good luck!