All Forum Posts by: Brittany Trevino

TRIPLEX in highly desired OLD TOWN, BEAUMONT!!!

Asking $160,000

Rehab $100,000

ARV $345,000

THIS DEAL WILL NOT LAST!! EXTREMELY RARE FIND!

Contact me ASAP for more details.

Hi everyone, 

I have a few legal questions that I'm looking for some clarification on..

I started an LLC under the impression that it will be my "business". However, now I'm hearing I should only put a handful of properties under each LLC. When I open a business financial account do I need to make one for each LLC or just the first one? Does there need to be a seperate LLC for just business expenses.. I'm so confused on this part.

I also have a rental that I used a VA loan to acquire a few years ago. When I transfer that to my LLC do I use a quitclaim deed, or should I go through someone? I plan on getting a letter from my lender and getting due on sale insurance to avoid the disaster of it happening since it is part of my loan agreement.

What should I expect in taxes next year since this is my first year owning my rental? I was using cashapp for payments but I am switching over to rentredi this month. I hear horror stories of owing so much in taxes. What strategies do you suggest I use to limit that?

I am putting together systems to streamline everything as I go into expanding my business but what do you recommend I start early to avoid stress and extra costs later down the road?

Thank you so much

 @Andrew Garcia

Right now I’m looking for a partner to flip with. They would bring the money to buy the property and I would handle the entire renovation & costs to renovate. 

Hey Everyone!

I'd really like some feedback on different strategies everyone has used to obtain private lending or a partner who brings on capital. 

Some background on me, I am a Construction Superintendent and have overseen subdivision development to single family demo/rebuilds, I also oversee renovations for work and have managed my own renos. I have 1 rental and one personal home. I have the knowledge and deals, but I just can't seem to find anyone to help fund or invest in my deals. The people I spent time creating relationships with backed out because they aren't comfortable investing in today's market. How have you handled these types of situations? I attend a small meetup bi-weekly, I talk to local investors, I read books on networking and raising capital, I just don't understand where I am lacking. 

I greatly look forward to hearing your advice. Thank you!

I can definitely relate to this. I have the knowledge & experience, but I feel like I'm screaming from the rooftop to find a partner to bring capital. My 9-5 is a construction superintendent and I build/ rehab houses for a living. I have a rental & personal house, but I only seem to find other investors who are not willing to work together and are very private. 

 Residential single family 

Hey Everyone!

I had an investor that was serious until it was time to make the transaction. They don't actually have the capital they claimed they had. 

1) How often has this happened to y'all and what have you done to prevent it?

2) I'm new to private lending and I'm having a hard time finding a private lender. 

Everyone says to network and I agree but lack creative ways to meet people. I am new to the area and my first meet up here isn't until next week.

What are some creative ways you found lenders or partners?

Hey Guys!

I really need help with networking. I have 2 BRRR properties I am about to get under contract. How do you guys go about finding partners to bring cash for the down payment or rehab? I'm specifically looking for someone to bring the cash and I'll pay them interest on their money once I refinance. How did you guys structure your deals with partners? I've never used a partner before so any insight would be greatly appreciated!! TIA

Thank you!