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All Forum Posts by: Dan Carbone

Dan Carbone has started 7 posts and replied 13 times.

Originally posted by @Nick K.:

It's called a deed of gift. Buy in your name if you cannot finance directly in the name of the LLC. Go through closing. Anytime after closing (days, weeks), have the same title company (if you choose) submit a deed of gift to transfer the property from your name to the LLC. It costs less than $200. Done.

As for protection, my personal preference is to always have a combo policy of property+liability insurance on each property. Then, have each property in its own LLC. Each LLC that owns an individual property has its own liability-only policy of 1M. Then have all LLCs be owned by a parent LLC that can be used for banking purposes and the likes and get that parent LLC its own liablity insurance of 1M or more. You can be the sole owner of the parent LLC and should definitely get your own umbrella policy in your name of 1M or more.

Just my 2 cents...

 Nick,


I'm looking into doing this now, my questions is would I still able to write off the purchase of this property for my LLC since the loan was in my personal name but the deed was gifted in the name of the LLC?

Post: Spec Home Lending for New Builder

Dan CarbonePosted
  • New Port Richey, FL
  • Posts 16
  • Votes 2

Does anyone have a lender in Florida that will Lend to a new builder for spec homes? Currently I am a Construction Manager for the largest production home builder in the US and have built a few hundred homes ranging from single family, villas, town homes 6+ unit, and luxury estate homes. I have also flipped homes and done hard money lending, but really don’t want to go that route on a spec. I am in the process of getting my GC license and want to branch off and start my own company and maybe build 2 specs at a time. Any information is greatly appreciated.

Post: Premier Sotheby’s vs EXP Realty

Dan CarbonePosted
  • New Port Richey, FL
  • Posts 16
  • Votes 2

@David Bell Did you start with EXP as a new agent or did you have prior experience?

Post: Premier Sotheby’s vs EXP Realty

Dan CarbonePosted
  • New Port Richey, FL
  • Posts 16
  • Votes 2

@Marian Huish thank you! No I haven’t interviewed with Sotheby’s yet, I have one set up for next week. I would be looking more to focus on sales instead of personal flips. When I decided to get my license I was leaning toward trying to work the luxury market so when I think of Luxury I think of Sotheby’s so that’s why i only had them in mind, but after reading about all the things EXP has to offer I’m starting to lean a little bit more in their direction.

Post: Premier Sotheby’s vs EXP Realty

Dan CarbonePosted
  • New Port Richey, FL
  • Posts 16
  • Votes 2

@David Bell sorry for not mentioning this in my post, I am looking at focusing more on sales than personal flips.

Post: Premier Sotheby’s vs EXP Realty

Dan CarbonePosted
  • New Port Richey, FL
  • Posts 16
  • Votes 2

I am a newly licensed agent from Tampa, FL and I have experience flipping houses and buying and selling them without an agent (FSBO) so I am not new to the process. I am looking at 2 very different options when it comes to starting out in RE sales, Premier Sotheby's International Realty and EXP Realty. I really like the EXP Realty model and for the most part know what they have to offer. Can anyone on here enlighten me as to what I can expect hanging my license at Sotheby's? Or which brokerage they would go with and why? Any Info would be greatly appreciated.

Post: How To Price A Flip

Dan CarbonePosted
  • New Port Richey, FL
  • Posts 16
  • Votes 2

Thanks for all of the advice guys, I appreciate it. Yeah I agree I think I need a better agent. Do you guys ever try to push the market and list your home for higher than the comps if you feel your Flip is better quality? If so how successful have you been doing so and how much more would list for if the comps were say $250k?

Post: How To Price A Flip

Dan CarbonePosted
  • New Port Richey, FL
  • Posts 16
  • Votes 2
I need advice on how to come up with a way to put a price tag on my renovated home. I am working with a realtor and every time I ask her what I could sell a certain property for renovated to see if the numbers work, she looks up the comps, but the problem is most if not all homes in the area have not been renovated and she is going off of those numbers. How do you figure out in that situation what you could price a renovated house at when none of the comps can compare?

Post: How To Price Flip Home?

Dan CarbonePosted
  • New Port Richey, FL
  • Posts 16
  • Votes 2
I need advice on how to come up with a way to put a price tag on my renovated home. I am working with a realtor and every time I ask her what I could sell a certain property for renovated to see if the numbers work, she looks up the comps, but the problem is most if not all homes in the area have not been renovated and she is going off of those numbers. How do you figure out in that situation what you could price a renovated house at when none of the comps can compare?

Post: Flipping Homes In a Flood Zone

Dan CarbonePosted
  • New Port Richey, FL
  • Posts 16
  • Votes 2
I'm looking into a home in Fl that is in flood zone AE, has anyone had any experience flipping a home in a flood zone? Do they sit on the market longer than flood zone X? Also will a hard money lender require me to carry a flood insurance policy while I own the home?