All Forum Posts by: Fabian Osorio

Thank you! I have already reached out to a nearby Fidelity National office nearby and am expecting a call back to gain more information. I appreciate your input!

Hello everyone! My name is Fabian and I have a couple questions concerning wholesaling! I plan on obtaining my salesperson license sometime this year, but I would like to start wholesaling before I dive into being an agent. 

After researching wholesaling, it is obvious that I need an 'Investor-friendly' title company, and some contracts prepared for my wholesaling down the road. To get right into it, here in California, are there any title companies that any of you recommend or know of that is investor-friendly? Also, would you recommend seeking a lawyer to prepare contracts for wholesaling or can I just receive help from a real estate agent to prepare the needed documents? 

Finally, what are some tools that some of you might be using to find vacant homes? Ive tried the 'driving for dollars' tactic, however to be truthful, in my area there are just not many vacant homes and a lot of the homes in my area that SEEM vacant are actually just being renovated. 

I appreciate all of your feedback and I will take any advice. I want to pursue this with everything I have and hope to change my life. Thank you to all of you who take the time to help!

I appreciate all of your feedback!

The reason I am asking this question is because I just filed yesterday to form my LLC through LegalZoom and I've already changed my mind on starting with rental properties and would like to start with flipping or rehabbing. The only problem at this moment is that when LegalZoom asked me what the main activities are that my business will be performing, I selected Rentals/Leasing properties to others. I am aware of electing to be treated as an S corp for taxation purposes, but now my question is, can my LLC legally flip houses if my business was created on the basis of investing through rentals/leases?

Hello Brian,

Thank you for your feedback! If you don't mind taking time to answer a follow up question I have, I would greatly appreciate it. 

If I already set up an LLC specifically for rentals/Leases, can I convert it into an LLC that is aimed towards flipping? Or would I have to create a new legal entity?

Hello Everyone!

I am new to real estate investing, considering the fact that I have never actually completed a deal or actually got my, "feet wet." I know much information about rentals and setting up and LLC in regards to that specific area of real estate investing, but I have recently gained lots of interest in flipping homes. My question to everyone here on this forum is, can I flip properties and have rentals all within the same LLC?

Please know that I am aware of liability issues and different risks that I am taking by mixing the two areas of investing, but I literally just want to know if its legally possible to mix the two in the same business. If it is, do I need to make changes to an operating agreement that was originally set specifically on the area of rentals/leasing?