All Forum Posts by: Account Closed

Does anyone have income from one LLC flow directly to another LLC that they own?

I own 25% of an LLC for flipping houses and similar. I own 50% of another LLC for building homes here and there. I am thinking to open a third LLC which I would own 100% of and have my percentage of the income from the other two flow this one. Mainly for 2 reasons: vehicle bonus depreciation (that way it is not split across the partners of my other firms) and to show banks a consolidated income stream from a single source for borrowing purposes.

Hey BP! 

I've been doing buy and hold and fix n flip in the residential market of Austin, TX and for the first time have a commercial property under contract for acquisition. Does anyone have a commercial RE agent in Austin they recommend?

@Danny Webber

@Danny Webber Yes, guess that was a bit vague.

I am flipping houses in south and central Austin with the exit price generally sub $400k and doing complete remodels. The finish is certainly more towards contemporary. Let's see if this link of the most recent sale can be posted here https://www.zillow.com/homedetails/3417-Clarksburg... . If that doesn't work please google 3417 Clarksburg.

I am looking for a remodel / construction company or GC that is reliable, trustworthy and deliveries solid product. 

Let me know if you need more info and looking forward to your thoughts.

Wondering who out there is doing the best residential remodels in Austin, TX... Are you on BP?

Anyone on BP recommend an experienced remodel firm in Austin?

@Mark Robinson

The last deal I bought was through a wholesaler auction style as you described. I was able to make the deal work and just made an offer according to my numbers. It so happened that I was able to pay $500 more than the opening price and that got the deal done. 

Hi @Tom Cooper much appreciated for the referral. I will give them a call. 

@Kendra Limbrick

Hi Kendra, would like to connect for this contract work. I will inbox you.

Who are the best GC's in the Houston area?

@Souji Kumar

If you keep all expenses as you estimated them, but raise the vacancy to a full month a year, you would break even or effectively have 0 cash flow with 30K+ out of pocket. I would suggest looking for another deal.