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All Forum Posts by: Brandon Phillips

Brandon Phillips has started 8 posts and replied 20 times.

Post: TIPS ON HOW TO MAKE A SELLER TAKE TERM OPTIONS?

Brandon PhillipsPosted
  • Rental Property Investor
  • Pittsburgh, PA
  • Posts 21
  • Votes 3

Im new to Real estate investing and my mentor wants me to start out with getting the seller to do a subject to or lease option/seller finance with the seller so we can rent to own the property to a tenant buyer and get paid from the first down payment the rent and when or if the tenant decides to get a mortgage and buy the house off of us. I'm having trouble getting the sellers to understand what that is or even consider doing it when i do my cold calling. Any advice here would be great!!!! Im just turned 23 and I'm passionate about this i quit my job and moved to do this full time i need to make a deal soon!

Post: Anyone use or heard of REI PRO?

Brandon PhillipsPosted
  • Rental Property Investor
  • Pittsburgh, PA
  • Posts 21
  • Votes 3
Hello BP community, I been contemplating on buying the REI PRO software has anyone on here purchase and use it? What are your thoughts? Thanks for the feedback!

Post: Wholesaled deal with ZERO profit...but Karma returned the deed!!

Brandon PhillipsPosted
  • Rental Property Investor
  • Pittsburgh, PA
  • Posts 21
  • Votes 3
Congratulations man God bless!

Post: WHAT CAN I WRITE OFF???

Brandon PhillipsPosted
  • Rental Property Investor
  • Pittsburgh, PA
  • Posts 21
  • Votes 3
Thanks guys as of right now I don’t have a business set up but I am in the process of setting up a LLC. Thanks for the feedback.

Post: Who set up a LLC using LegalZoom?

Brandon PhillipsPosted
  • Rental Property Investor
  • Pittsburgh, PA
  • Posts 21
  • Votes 3
How much did you spend doing it yourself?

Post: WHAT CAN I WRITE OFF???

Brandon PhillipsPosted
  • Rental Property Investor
  • Pittsburgh, PA
  • Posts 21
  • Votes 3
Hello BP community, Can I write signing up for BP PRO off on my taxes as a business expense? Or anything else like lawyer fees, DM marketing campaigns etc? Thanks for the feedback!

Post: $5k Wholesale Budget

Brandon PhillipsPosted
  • Rental Property Investor
  • Pittsburgh, PA
  • Posts 21
  • Votes 3
Joe, where about can someone obtain a list of absentee owners?

Post: Rehab cost higher than the ARV NEED HELP!!!!

Brandon PhillipsPosted
  • Rental Property Investor
  • Pittsburgh, PA
  • Posts 21
  • Votes 3
Hello BP community, I’m a newbie so bare with me... I’m finding distressed properties with motivated sellers but these properties rehab expense will cost more than the ARV! For example I can get a seller to come down to $5,000 for the property but the repairs can easily be a 30-45k rehab meanwhile the ARV is only 30-35k. Any advice right now will be helpful, My role in this deal is to be the wholesaler I need to make sure that there is profit for me and the cash buyer. Thanks for the advice!

Post: DAYTONA BEACH FL are there any investor meet ups in the area?

Brandon PhillipsPosted
  • Rental Property Investor
  • Pittsburgh, PA
  • Posts 21
  • Votes 3

Thanks Mike I’m going to attend in November hope to see you there! 

Post: Who set up a LLC using LegalZoom?

Brandon PhillipsPosted
  • Rental Property Investor
  • Pittsburgh, PA
  • Posts 21
  • Votes 3

No I haven’t done it yet I would appreciate it if you could post the steps thank you!