All Forum Posts by: Greg P.

Hello, I have a question regarding entities and how to structure a entity.  I've talked to a attorney about this already, but have not been able to get a straight answer. 

We're doing about 40 rehabs a year and 20 new construction homes a year and would like to know if you think we should keep everything under one company umbrella or separate them.  Right now, we've been operating under one corporation, but as you know, the flipping and new construction are two totally different animals.  Any advice would be greatly appreciated.

Thank you.

I understand the quality and reputation is important, but when potential customers look to purchase a home, I believe they want to buy from a home builer/company brand rather than a company name that sounds like a investment firm.  

Please let me know if any other have something to chime in.

Thanks

Hello, we currently have a real estate company that rehabs homes and we have 5 employees including myself.  We are looking to go into new construction homes and the builders/developers here all have names that sound like new home builder names.  Unfortunately, our company name does not sound like home builder name.  Could someone please let me know if I should set up a separate llc for the new construction end of our company, just change our name, create a dba, or create a llc owned by our current company as the parent company?

Any advice would be grateful.

Thanks

Hello, I am beginning to invest in California and would like to know if in California there is a way to gain access to the MLS without going through the realtor courses. I know in some states there is a one day course you can take to get a "limited" broker's license which means you can only buy and sell your own properties. This still enables you to gain access. Does anyone have advice or ideas? Thanks.

Hello, we are currently doing many properties at a time including basic rehabs to building new homes. Could someone recommend a good software or central database where the Project Managers and other members on the Team are able to go on to track expenses, communicate and just making sure everything is on time and on point? In the beginning, we were doing fine with Excel, but it's starting to get overwelming and I feel as though we are getting confused.

Hello, we had around $6,000 worth of staging equipment stolen from the home a few days ago. I've asked our insurance company and they say that they do not cover theft. The Staging company stated that they also have insurance, but he said it would affect their policy and put them in a high risk policy so he would rather get paid in cash. I'm not sure how to handle this as it is the first time this has happened. Could anyone shed some light into how to deal with this or if it is just something we'll have to take care and pay out cash?

Thank you.

Could someone please let me know if the Equity lists will cover absentee, probate, vacant, fire damaged and all the other lists?

Thank you

Hi William,

I'm planning on going through Melissadata or List Source. I'm looking to farm by zip codes with 40-50% or more equity.

Hello, if I am looking to target a few cities, instead of targeting absentee owners, probate etc, wouldn't it be better if I was to just get a list of all properties with 40-50%+ of equity or more? I'd assume the equity lists would cover all absentee, pre-foreclosure, probate, estate and any other motivated sellers. Please let me know your thoughts! Thank you.

Hello, I'm wondering if Quickbooks allows you to separate expenses by each property? Or, if there is another software program that will allow you to track expenses by each property?

Thank you!