All Forum Posts by: Dustin Burke

When just starting out with fix & flips is it necessary to engage a tax attorney or will a real estate savvy CPA be able to assist with all we will need? 

Can anyone recommend a CPA that is a real estate investor himself?

We will be starting out in Norcal (Central Valley - Modesto - Manteca - Stockton - Lodi - Galt) and/or Reno. 

For more about us follow this URL...    https://www.biggerpockets.com/files/user/DustinB60/file/burke-1-year-business-plan-2018

We are excited new investors actively seeking motivated individuals to assist us in meeting our 2018 investment goals.

We are focusing in Reno, NV. and Central Valley, CA. right now but will definitely expand from there once we get a deal or two under our belts.

We already have great Real Estate Agents/Brokers and a couple outstanding financing options but; need to complete the team! We are looking for the following:

• Tax Attorney
• Contractor
• Property Manager
• Partners on individual deals
• Private money lenders

To learn more about us, please check out our business plan. It is uploaded here on the BP “FilePlace” or simple follow this link; https://www.biggerpockets.com/files/user/DustinB60/file/burke-1-year-business-plan-2018

We are excited new investors actively seeking motivated individuals to assist us in meeting our 2018 investment goals.

We are focusing in Reno, NV. and Central Valley, CA. right now but will definitely expand from there once we get a deal or two under our belts.

We already have great Real Estate Agents/Brokers and a couple outstanding financing options but; need to complete the team! We are looking for the following:

• Tax Attorney
• Contractor
• Property Manager
• Partners on individual deals
• Private money lenders

To learn more about us, please check out our business plan. It is uploaded here on the BP “FilePlace” or simple follow this link; https://www.biggerpockets.com/files/user/DustinB60/file/burke-1-year-business-plan-2018

@Account Closed

Dustin

FIXED! Thanks Mindy. That place wouldn't know what to do without you...

Mindy, most of the info did not transfer and it is not saving new info inputted...  Suggestions? 

@Max Gomeniouk Thanks for the suggestion Max

@Christopher Phillips Thanks for the reply Christopher and point taken on the likely condition of these properties...

@Account Closed This is what I was afraid of. I obviously need to find and sit down with a lender/s and hash out some options. I will DM you will some further questions. Thanks for the reply. 

     We, my brother & I are just starting out in this exciting world of real estate investing. One of the things that gets me excited are all the options and possibilities. So many paths can be taken and one not necessarily better then another.  

We currently are analyzing numerous flip and buy and hold options daily. We both have exceptional credit and have the means of funding a portion of the total project cost to show "skin in the game".

The question we have is on financing options. 

We have a goal of owning 10 rental properties financed with convention loans. However, we plan on flipping several house as well. Obviously conventional financing is the "cheapest" but, I am concern that strategically it is not the best option. 

THE QUESTION/s: Would we be sabotaging funding of the rental investments with conventional loans if we also used conventional loans for short term financing; such as for fix & flips? How will it effect our credit if we used conventional financing for fix & flips? Should we be using hard money knowing that we plan on using conventional for the buy & holds?

As stated, we are newbies and new to this site. So please checkout my profile to learn a bit more about me/us...

Thanks for taking the time to read this post and look forward to gaining knowledge through your experiences, Dustin