All Forum Posts by: Britney Allan

@Ryan Reddy advice Some basic advice from myself (the rookie) and my father (the 30year veteran): Don’t just do BS cover up jobs. Quality over quantity. Do a thorough inspection of everything with your GC because “inspectors” tend to miss big things or simply ignore them. Fix things that could lead to potential problems down the road.. for example: if there’s water damage in the basement- check the landscaping, make sure there’s proper drainage, etc. (obviously check the plumbing, too.)

Just don’t be the guy who leaves problems for the next owners to deal with.

Kitchens and bathrooms are important, which is a given as you mentioned. I personally feel landscaping and curb appeal is also important; without overdoing it, of course. Creating an open concept floor plan-as this is appealing to buyers. Anything to make the home more functional or adding more storage space, is great too.

Best of luck! 🤓

Hello all! 👋🏼

My name is Britney Allan and I am a rookie real estate agent, newer house flipper/rehabber looking to get more in to rentals. I am located in Central Missouri. If you’re located nearby, I’d love to connect!

My dad and I currently have 2 houses in our possession we are working to flip (wrapping up the first one to sell next month). It’s just us, unless we decide to subcontract work out. I’m also a newer real estate agent as well with a small brokerage. I am looking to get 1-2 rental properties by the end of this year (#of units doesn’t matter as much, open to multi-family and single family).

With all these things I'm doing, I feel like having an LLC is a smart move for my situation. However, I've read and listened to podcasts on BP stating that it might not be that smart unless you have several rental properties. What are your suggestions and thoughts?

The properties we already have- we’ve paid cash, but once I purchase a rental property on my own, I won’t be in the situation to pay all cash. So, I’m wondering what the best options for lenders are: portfolio or the standard bank-style lending, and why?

Thank you in advance and I look forward to learning from and with everyone! 😁