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Updated almost 5 years ago on . Most recent reply

User Stats

324
Posts
780
Votes
Joseph Crunkilton
  • Rental Property Investor
  • Oregon City, OR
780
Votes |
324
Posts

NMIS for Flipping Business

Joseph Crunkilton
  • Rental Property Investor
  • Oregon City, OR
Posted

Morning All, 

I'm a new investor in Washington County, Oregon looking for some advise on my NMIS for my flipping business. I've just finished BP's intro to REI and have picked flipping for my first niche. I have a few steps listed below I've identified as my NMIS. I'm not sure which order they should be going in and am looking for a bit of insight. I'm putting them in the order I believe to be the best and would appreciate some feedback.

1. Read J Scott's Guide to Flipping Houses

2. Establish LLC for flipping business to save myself from personal financial liability or lawsuits

3. Network with Wholesalers and other investors for some insight locally 

4. Discuss financing with banks and hard money lenders

5. Meet with contractors who will be handling my rehab to have my ducks in a row

6. Find my first deal

Most Popular Reply

User Stats

54
Posts
38
Votes
Nels Norquist
  • Real Estate Agent
  • West Linn, OR
38
Votes |
54
Posts
Nels Norquist
  • Real Estate Agent
  • West Linn, OR
Replied

Yes it is a ccb, for a developer I believe you just have to register and be insured, no classes or test. Find more info on Oregon.gov under licensing

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