All Forum Posts by: Calvin Thomas

What I meant, was, ideas or places I can go to purchase the inventory at better rates and then having to purchase them from the contractor who is marking up the price of the items.  Since I only have a few rentals in the capital district, I really do not have much buying power yet on my own.

Hey all, Need some help here. I purchased a home in the Capital District area in NY. It needs a new roof, a few widows and a boiler. Anyone know of any places I can go to buy the items needed wholesale? I have an installer, but they are charging a lot of money for the products. Hoping for some recommendations and/or suggestions. Thanks guys (and girls).

Per their requirements:

http://www.dos.ny.gov/licensing/re_salesperson/re_...

How do I become a real estate salesperson or broker?

How do I obtain a waiver from the 75-hour salesperson or 120-hour broker course requirement?
You must submit a written request stating the waiver you are applying for along with ORIGINAL proof of course completion, a detailed outline listing topics and hours, and a course description. (Home-study/correspondence courses are not accepted.) The prelicensing salesperson's course must be at least 75 hours of classroom instruction and the broker's course, 120 hours.

In addition, if you have a Bachelor's Degree with a concentration in real estate, you may qualify for a 120-hour qualifying course requirement waiver. Please submit an official transcript with your waiver request.

While I have a BA in pre-law, my MBA is in business, so I cannot use the lawyer route.

Over the past few years, I've purchased rentals in NJ, CT and NY.  Have about 9 now in the tri-state area.  I was thinking about getting my RE license in said states.  Anyway I can get around the broker course requirement.  I started buying properties in New York in 2009.  I am not exactly sure how to word the waiver.  I just want the license to use as an investor, nothing else right now.  I m targeting the NY market right now.  That's my main focus.

Yep, that's what I figured. I filed for a NY LLC. Just was trying to get around the publishing requirement. It's a bit of a pain. Appreciate for the insight. :)

Hey all, I wanted to run by a question to the seasoned vets here at Bigger Pockets. I am in the process of purchasing a couple of properties in southern New York for rental income. There will be no mortgage on either, and they are both cash deals. Each one will be in their own entity. Normally, when I buy them in other states, like CT or NJ, I just put them in a LLC, which in turn, is owned by my main LLC. However, NY has the dumb rule of making each LLC publish themselves as soon as filing, which could be an additional 500.00 per LLC. Would it be better to just form it into a Inc instead? Am I losing any protections when switching from an LLC to an Inc?

Thanks.