All Forum Posts by: Eseta Fuiava

@Blaine Alger thank you! I will definitely forego the LLC until I get more experience. Thank you!

I have a property on auction.com I am currently looking at. Auction.com has something similar to ARV - but it's called ERV (Estimated Resale Value - if property were to be updated). How accurate is this? Anyone have an experience with auction.com ERV and its accuracy?

@Kevin Paulk thank you so much! I really appreciate your advise! 

@Kevin Paulk thank you for your response! That makes a lot of sense. Worry about the small details later, focus on strategizing first. That was my initial plan. My only question is "legitimacy". I read on another forum someone suggested LLC first because you look more "legitimate" to a Seller, etc. Have you experienced a Seller questioning your legitimacy because you're buying in your name and not as a business? Or is this something I really shouldn't worry about?

Anyone know of any investor-friendly title companies in Sonoma & Marin County who are familiar with assignable contracts and/or double closing, preferably where the End buyer's funds can be used to fund the first deal as well? And who do I speak to? 

Hi, I was wondering if creating an LLC is necessary before wholesaling my first deals? Or should I wait until I've wholesaled a couple houses? (Which would mean buying and assigning in my own name) I've also heard from others an S Corp is better for wholesaling. Any input appreciated

Hi BP! I’m a new investor from Sonoma County, specifically Santa Rosa, and looking to connect with other local investors in the area. I’m hoping to start wholesaling and would love to learn from and connect with others. Thanks! 

@Jim Pellerin thank you! I live in the Bay Area and renovation/rehab can be very costly, so I guess I should be very conservative in my repair estimates. 

**Sorry, meant *REPAIR COSTS, not ARV**

Hi, I’m curious what methods other wholesalers use to estimate rehab costs before pitching to an end buyer? Are you guys getting quotes from contractors? Have a general formula? I’m new and don’t want to underestimate repairs. 

@Kerry Noble Jr that’s what I was thinking, just wanted to see what other investors think/know from their experience. Thank you