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All Forum Posts by: Account Closed

Account Closed has started 21 posts and replied 72 times.

Post: Comming into the business

Account ClosedPosted
  • Real Estate Investor
  • Mendocino County, CA
  • Posts 93
  • Votes 2

Thanks Joel, I'm only worried abut the chair as far as it prevents from getting inside to places, Thank full I have help with college will not have loans. For residential deals I can't show I'll Probably take the referral fee or split commission

Post: Comming into the business

Account ClosedPosted
  • Real Estate Investor
  • Mendocino County, CA
  • Posts 93
  • Votes 2

I just bough the CA course. I'll be licensed in a few months, I'm planning to go into mainly commercial and land in the Sacramento area as I use a power wheelchair. I'm hoping this will avoid most access issues. I working part time while I continue business school part time (-2-3more years), then hopefully getting a brokers license and going full time as broker/investor. After my licensing course is over I'm going to do the MLO course and get that as well. I've considered wholesaling but being being agent will work best do to my physical access difficulties that make residential more complicated. Once licensed fully I plan on going to local investor groups to market myself. My goal is to make 10-15,000 a year to cover my expenses, anything else I will save for future investing. Do you think my earnings goal is realistic? Any tips?

Post: Returning calls from direct mail

Account ClosedPosted
  • Real Estate Investor
  • Mendocino County, CA
  • Posts 93
  • Votes 2

Great advice for everyone jeff!

Post: Creating fake craigslist ads to attract buyers for buyers list?

Account ClosedPosted
  • Real Estate Investor
  • Mendocino County, CA
  • Posts 93
  • Votes 2
Originally posted by James Vermillion:
Don't you think that is a little dishonest and somewhat ridiculous? There are plenty of other ways to find buyers.

My thoughts exactly, but I figured I'd get some other opinions.

Post: Creating fake craigslist ads to attract buyers for buyers list?

Account ClosedPosted
  • Real Estate Investor
  • Mendocino County, CA
  • Posts 93
  • Votes 2

Does any create fake adds to attract buyers?

Post: Getting property under contract without having to meet in person?

Account ClosedPosted
  • Real Estate Investor
  • Mendocino County, CA
  • Posts 93
  • Votes 2
Originally posted by Jeff Z:
Originally posted by Aaron Mazzrillo:
I have extensively studied NLP

Since it isn't mentioned anywhere else in this thread, I'll ask: What is NLP?

Neuro-linguistic programming.

Post: Anything creative to do with this deal?

Account ClosedPosted
  • Real Estate Investor
  • Mendocino County, CA
  • Posts 93
  • Votes 2

it may just be because I'm new but I would think that if the house is in good condition and doesn't need much, if any, repairs that it could be a no fix or very light fix flip, if that is the case the numbers might work, but don't listen to me I am new.

Post: newbie update...

Account ClosedPosted
  • Real Estate Investor
  • Mendocino County, CA
  • Posts 93
  • Votes 2
Originally posted by Kevin Coffman:

In the simplest form, an LLC has no effect at all on taxes. None, zip, nada. The LLC's profit or loss flows directly to your 1040.

You can elect to have the LLC taxed as a C-corporation. That adds additional complexity, and, depending on how you distribute the income, potentially double taxation. If you keep the income just inside the C-corp or LLC taxed as a C-corp, then it would not be part of your personal income, but you would still pay the corporate income. You would be limited on what you could spend that money on.

this shows as my post but it's not...

to whoever posted this....I just realized that a few days ago, I'll have to do some research on that.

Post: New member intro, Northern California

Account ClosedPosted
  • Real Estate Investor
  • Mendocino County, CA
  • Posts 93
  • Votes 2
Originally posted by Shelley Ferkovich:
Thanks Kevin, What area of Sacto are you investing?

none right now (poor college student), but I am interested in any good deal in the area. if you need any help locating deals in sac or anywhere else let me know, I subscribe to a site so I can more easily pull REOs and comps to check spreads.

Post: Eager new member

Account ClosedPosted
  • Real Estate Investor
  • Mendocino County, CA
  • Posts 93
  • Votes 2

I am almost 20 and in sacramento ca. good to have you.