All Forum Posts by: Dawn Heimann

Travis, we actually spoke to one of Scott Smith's contacts and have yet to schedule a consultation with him. I was a little hesitant honestly because of the expense of it all. I am new at this and didn't want to just jump right in paying all these fees without having spoken to others regarding our needs. Did you speak to any others in his field before getting his help? Are the costs about the same across the board? Are you very pleased with your relationship with him and his company?

Thanks to each of you; John, Travis, Ronald, and Kris. I can't say enough how grateful I am for each of your comments, advice, and time. It is very much appreciated. 

Thanks, Alan. I like the idea of keeping it simple for sure. In regards to an attorney, should I look at it the same way as a CPA then too? local or non-local? Are you an investor as well as a CPA? Do you have many clients who are investors? 

Hi, John. Great, thank you for your time and advice. 

Hi, we currently live in Georgetown, TX which is just north of Austin. We are going to be purchasing our first home in Indiana this April. We want to start it out right. For the first quite a few homes, I see us just staying in Indiana. Should we form a Series LLC and if so should it be in the state of Indiana or should it be here in TX? Should it be in OH, where it is less expensive? or should we create individual LLC's for each property? Should we create the LLC then move the money into the LLC to purchase the property or should we purchase the property in our own name then transfer it into the LLC?

We plan on paying cash for the first one so there will be no loan, but we will take out a loan on the second one. 

Can anyone recommend a local CPA here around Austin, TX that we could start working with that is an investor as well?

Thanks for your time, help, and advice. 

Hi, thank you so much for your response. I have thought about out of state for sure. Just did not know if it would be good as a first time investor to do so until I have some experience under me. 

Thanks for the comment on the real estate license. We are going to be 100% investors for sure. May I ask why you say then a license is not needed?

We are brand new and live in Georgetown, TX (just north of Austin,TX). We are REALLY wanting to start investing. We are interested in 3 beds / 2 baths. Is Dallas/Fort Worth better areas to invest in for rental properties and cash flow or would San Antonio be good? It seems like Austin/Georgetown would be better to do a fix and flip? Any advice would be greatly appreciated. Also, do you recommend getting a real estate license? If so, can you recommend a good online program? If you are local to my area, I have Tuesday's and Thursday's available to offer help to anyone who needs it in return for experience and knowledge. I am very handy and do a lot of repairs myself if I can figure them out. Thank you so much for your time and help. 

David, 

I was wondering for those off the market ones in Contra Costa County that you had just told Karen about, do you as a buyer have to pay cash for them? My family and I are very much like you Karen. We have been doing the same thing and are really wanting to purchase our first fix and flip. We don't have the cash available but could do one through financing. Is this possible David? 

Thanks,

Dawn

Thank you as well Naveed. It is nice to meet you. Do you guys know of any meet ups here in the Brentwood or the surrounding areas? 

Hi, Anderson. That would be great! Thank you for reaching out.