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Updated over 5 years ago on . Most recent reply

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Daniel Lehman
  • Lockport, NY
8
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41
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Interior Designer

Daniel Lehman
  • Lockport, NY
Posted

My cousin/partner and I are in the process of looking for our first multifamily rental. We have agreed to have a primary focus on buy and holding multifamily rentals with a secondary focus on fix and flips. We have another cousin who is currently in school for interior design and we both agreed to utilize her as our ID.

I know we'd be able to use her on fix and flips but I'm wondering the best ways to go about using her as our ID for fix and flips and for our rentals if feasible; not just in the technical sense, but a legal one as well.

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Michael Haas
#2 Buying & Selling Real Estate Contributor
  • Real Estate Agent
  • 🌧️ Seattle Investor & OG HouseHacker | 🤑 Helped 90 Clients HouseHack | 🏘️ Own 17 Rentals & 5 Airbnbs | 🏗️ Built 5 DADU's
2,280
Votes |
706
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Michael Haas
#2 Buying & Selling Real Estate Contributor
  • Real Estate Agent
  • 🌧️ Seattle Investor & OG HouseHacker | 🤑 Helped 90 Clients HouseHack | 🏘️ Own 17 Rentals & 5 Airbnbs | 🏗️ Built 5 DADU's
Replied

Interior design would likely just handle your finish selections @Tonye Wokoma- if you’re doing a Reno-rehab and don’t know where to start you probably need a PM/GM.

I second Pinterest for the finishes- it’s really not complicated. Find some high end renovated or new construction apartments in your neighborhood- take a picture of all the finishes and steal your favorites (ideas that is- not the actual finishes from the apartment 😅)

If you have 1-3 rentals you gotta be scrappy as you build your portfolio, don’t throw away your money unnecessarily!

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