All Forum Posts by: Dave Howland

Thanks Chris. I'm willing to give back a little off the top if it offers better protection. That said, I'll read up on it like you suggest. Did it cost you alot? 

Anthony, thanks that would be great if you don't mind.

Hi all. Lining up the money part of my first flip, I was asked what the LLC name is. I didn't set one up, but am thinking I should now. Anyone have any advice about whether it's just requires or a just a good idea? And are there any liabilities or is it hard to do? Thanks for any replies... BP is the best.

Hello All,

I have a buddy that wants to perform a fix and flip - he has one thing in his favor and another not.

The first, a problem, is that his credit is pretty bad. Maybe around 600.

The second, maybe a problem, I don't know, is that he has a lot of cash. Upwards of $200,000.

We saw a house for $275,000 and was trying to figure out - if he wanted to finance - is there any amount they'd accept as down-payment? I could co-sign for him, but we're not that close ... so I thought I'd ask here. How could he do this deal if no mortgage - anyone have any ideas? I've looked around and haven't stumbled onto anything.

How can you do that safely as an individual?

Any town  that has a Railroad line direct to Hoboken are treasured in NNJ. South Orange, Maplewood, Millburn all have beautiful historic homes that are great rental opportunities, and they are super convenient for train commuters.