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Updated about 3 years ago on . Most recent reply

Daniel Perez's profile image
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Daniel Perez
  • Flipper/Rehabber
  • from Houston, TX
  • Member since Aug 23, 2018
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Daniel Perez's profile image
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Daniel Perez
  • Flipper/Rehabber
  • from Houston, TX
  • Member since Aug 23, 2018
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Daniel Perez
  • Flipper/Rehabber
  • Houston, TX
1
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Buying & Selling Real Estate

Buying flip under dba in Texas ?

Daniel Perez
  • Flipper/Rehabber
  • Houston, TX
Posted

I am in Texas and would like to buy a fix and flip from a whole seller. I looked into a llc for all future fix and flips but I see there is a 30 day waiting period. I would like to close this deal this weak. Is there anyways I could buy this property under my existing dba? Also using a hard money lender.

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Greg H.'s profile image
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Greg H.
  • Broker/Flipper
  • from Austin, Texas
  • Member since Jan 2, 2013
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Greg H.
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  • from Austin, Texas
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  • Austin, TX
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Greg H.
  • Broker/Flipper
  • Austin, TX
ModeratorReplied
Quote from @Daniel Perez:

I am in Texas and would like to buy a fix and flip from a whole seller. I looked into a llc for all future fix and flips but I see there is a 30 day waiting period. I would like to close this deal this weak. Is there anyways I could buy this property under my existing dba? Also using a hard money lender 

Either way should be fine. There is no 30 day waiting period for an LLC and you can secure one online in a couple of days
  • Greg H.
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