All Forum Posts by: Benjamin Jones

I live in Texas and want to buy property in Louisiana.

1.  Do I have to register my business as a foreign entity in Louisiana to do business?

2.  Are their any legal requirements that I must comply with b/f making a purchase?

Or is it as simple as just makeong the purchase and paying taxes in accordance with that state’s requirements/income tax code?

Hello group.  I am a Houston investor located in Houston and I have somewhat of a sensitive question.  Would someone from Houston please message me?

Thanks

Hello Dale.  I'm a newbie as well.  Do not get discouraged.  I am also in pursuit of my first wholesale deal.  In the beginning I was confused about what too.   However, after I really thought about it a few weeks later and infused my thoughts with everything that I've read, heard and seen, a few days ago I came up with a simple marketing plan to get buyers and sellers.  I am by no means an experienced expert as I am on the hunt as well, however I would suggest taking a moment and thinking through everything you've heard and learned thus far.  Pull out one or two Mktg tips that are easily implementable and go with it.   I hope this helps. 

As a newbie just getting started I think that's a great idea.  Penera Bread location is perfect for me.  I may be about 30 mins. late, but I'm in.

Great advise guys.  Spencer I'm in the same place as you somewhat.  I've read, studied and listened to a ton of material.  I'm ready to go find deals, but not sure of the exactly which disclosures to provide/receive at the point of contract (other than the lead based paint & sellers property condition report) or like you said.  What to do first.  I also have somewhat of a fear that I will find a property, but no buyer since I do not have a buyer's list developed. 

Agreed.  I've been seeking and interviewing potential partners.  Thus far, no good prospects.  I'm sure one will emerge.

Hello group.  I'm a new RE investor trying to cross all of my "T's" and anxious to do my first deal.   Aside from the lead based paint disclosure  (when applicable) and seller property condition report, what disclosures are required in Texas when putting a property under contract and how can I get ahold of them?

Hello Tony Castronovo.  I'm a new investor just getting started and looking for a title company to work with that is flexible when it comes to investor methods. Assignments etc.... Would you please pass on their contact info to me? Thanks in advance.

Hello Group. I'm a new REI and anxious to get my first deal on the books. I understand the wholesaling process, but a little cloudy on the assignment mechanics. Ex - Contract is for $120,000 and you find a buyer and assign the contract for a fee of $5,000. ($2,500 dep. & $2,500 at closing). Does the buyer make out the dep. to title company to be held in escrow and bring the remaining $2,500 to closing? I bring the dep. and the assignment contract to the title company. Or does the buyer, in agreement with the fee, agree to purchase the property on the assignment contract for $125,000 and the title company funds the wholesaler and seller at closing? I just send the assignment contract over. Thanks in advance for your help.