All Forum Posts by: Account Closed

Hello BP,

Looking for information on title companies and lawyers that fellow Long Islanders are using for wholesales or flips. Any suggestions for anyone in Suffolk or Nassau?

Hopefully looking for some solid recommendations I could use when moving forward. Thank you guys.

@Jeff S. Thank you for the quick response! It is definitely something I will eventually get, however starting off I've seen some folks around here go in without the commitment to LLC, I do not know which personally.

Hello all,

Just began shopping around for hard money loans, and the first one I communicated with requires that you form an LLC in order to receive the loan. Is this common for most hard money lenders? Is there a reason for it?

I know a lot of people flip houses under their name, especially for their first or second projects, so being that this is my first potential project should I shop for another, or just bite the bullet and form my LLC?

Michael G.

I too am from Long Island, currently in the Copiague, Lindenhurst area. I grew up in Brentwood so Bayshore was just a skip away.

In regards to the finders fee, what exactly are you providing in terms of service?

Staying sane is the issue! lol I'm definitely going to stick it out while I keep building, learning, saving. I am definitely going to look into other options that I can do that might be more of a helpful hand to what I really want to do.

Yes! Lol I do already own both of them. Great reads. Great information.

Thank you for the advice, that was what I was learning towards.

Yes this is something I definitely am considering doing. However, I know time is key on everything, after I do that.. Would that be considered some "resume" building or portfolio building, enough to get private financing in your opinion?

Thanks for the responses guys. Ryan Pyle Regarding #1, I'm not sure how much longer I can take in a job like this. I'm not happy with the rat race, the scheduled 9-5 zombie life, its draining me. Some people just aren't programmed that way. I can definitely get through it and have been successful at my W2 job, however its something I am not too happy about or am enjoying. However, it is definitely something that I am utilizing to help give me info in the construction field.

Regarding getting into a home. Would you guys suggest getting into a place with my mother, and have potential rental like that? While enjoying a home again, or should I try to get financing and while renting somewhere, flip a house and jump in..?

Hello All,

My name is David I'm 24 and I'm new to investing. Looking for a little advice on what my next couple of moves should be. I have a couple of things in mind but I still would like others opinions.

First off, I went to school for architecture and now I'm working a 9-5 as an estimator for a local construction company. I dislike the 9-5 life, the rat race, and it's something important to me to get out of. The kicker is I have my real estate license, however am not doing much with it because this job I have now came out of the blue and honestly is consuming a lot of my ways of living.

I've decided I want to flip renovate and sell, for now anyways. With passive investing once I get some capital. I think it's a good fit. However, my dilemma is that I currently want to get into a house with my mother (hopefully). I also would love for this house to have possible rental income to help us afford getting back into a house (renter problems, I miss having a backyard lol).

It looks like my biggest struggle is balancing the full time job and finding funding to begin flipping (cliche is it not?) I would love to leave my job, however the security is something that is needed right now, unless I know there is a way I could leave and still make money to pay bills.

I've been reading, I've been analyzing, and I've been trying to get my life in order and finally get into the life I want to live. What beginning strategies or paths would you take, given my information to get to where I want to be?

Thank you, I'm curious to hear some responses. lol

Hey Ryan Thomas

Welcome.. I am also from Long Island. It's good to see other Long Islanders with similar goals. Lol