All Forum Posts by: Chris Rusoff

Ali Boone , can you recommend a good turnkey company in the Philly area?

Evan Ventura DM me with your contact info

Thanks, Keith Salkowitz I'll definitely take his name.

I'm trying to get started wholesaling and have been told my first step should be to consult with a lawyer. Fine. My issue has been finding one who knows what I'm talking about. I've contacted 4 real estate attorneys in my area (New Jersey) and told them that I am interested in wholesaling/assigning contracts and they either don't get back to me or have no idea what wholesaling is. Any tips on finding an investor friendly attorney??

I'm in Brick. Looking to get started in wholesaling and trying to get educated on the business.

Charles Jones , what is the difference between marketing the contract and marketing the property? Can you give me an example on how you would word it? Thanks.

Thanks, @Account Closed . Good information.

Good information, @Account Closed. Thanks. Is it necessary to form an LLC before my first deal?

I've been doing a lot of research and it seems like wholesaling makes the most sense for me to get into the investing game. I've been on the outside looking in for a few years now and I need to get my foot in the door. Before I start building my buyer's list I have a few questions that I haven't been able to find answers to and maybe someone here can help.

There has been a lot of discussion on here about the strategy being illegal, and while I've read a lot of it, no one seems to have a clear answer. I plan to contact an attorney, but what specific questions and topics should I bring up with them?

Do I need to contact a CPA before starting?

Is an LLC necessary before I find my first deal? If so, what are the cheapest options?

Where do I get the contracts that will be used in the deals? Do they need to be written up from scratch or can I just find them online somewhere and print them out?

Thanks for taking the time to read this. Hope somebody can provide some insight.

In the past month I decided to aggressively pursue my first fix and flip property. I am focusing on a specific area in a specific price range so I can try to keep things as simple as possible for my first one. I am looking for 3/1 or 3/2 homes in the low 100K range in Brick, NJ. I have looked at a few houses so far with my realtor, but I quickly realized I wasn't accomplishing anything due to the fact that I am not really experienced in estimating rehab costs and that is a vital component in the formula of house flipping. Do a lot of you walk through potential flips with your contractor and your realtor together the first time you see a house? I'm assuming after you have a few flips under your belt, estimating rehab costs becomes easier. 

I've also noticed that the properties I come across that look like good deals do not last. They are usually gone before I can set up a walk through with my realtor.

I would be interested in hearing from anyone in my area who has experience completing some fix and flip deals.