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All Forum Posts by: Gary Barella

Gary Barella has started 6 posts and replied 57 times.

Post: How would you invest $1 million?

Gary BarellaPosted
  • Flipper/Rehabber
  • East Brunswick, NJ
  • Posts 64
  • Votes 152

@Bobby Esposito. I said the same thing haha

Post: How would you invest $1 million?

Gary BarellaPosted
  • Flipper/Rehabber
  • East Brunswick, NJ
  • Posts 64
  • Votes 152

@Katie Miller Go all in on Tesla

Post: Simple question for Experienced Flippers

Gary BarellaPosted
  • Flipper/Rehabber
  • East Brunswick, NJ
  • Posts 64
  • Votes 152
Damn bro I can’t imagine doing flips 2000 miles away… Why wouldn’t you just invest in Wall Street if that’s the case then you don’t have to do crap…I see many problems for you down the road with that strategy.

Post: Simple question for Experienced Flippers

Gary BarellaPosted
  • Flipper/Rehabber
  • East Brunswick, NJ
  • Posts 64
  • Votes 152
Or better yet when you see a rehab going on Roll up on them and ask them for their card and take their number and then let them bid on your project, I do both......Those are the two options are use because talking to people I know ,my competitors, people they use or the other way you actually see the work that the contractors are doing… The way you’re talking is like watching the news or seeing a commercial and believing everything that you hear and see… No good my friend

Post: Simple question for Experienced Flippers

Gary BarellaPosted
  • Flipper/Rehabber
  • East Brunswick, NJ
  • Posts 64
  • Votes 152
Don’t do any of that. Talk to others in your area and see who they use.

Post: How to Structure a Partnership

Gary BarellaPosted
  • Flipper/Rehabber
  • East Brunswick, NJ
  • Posts 64
  • Votes 152

@James Teutschmann

Also don’t even use attorneys when you’re buying or selling if your state will allow it, more waste of time and money… LOL

Post: How to Structure a Partnership

Gary BarellaPosted
  • Flipper/Rehabber
  • East Brunswick, NJ
  • Posts 64
  • Votes 152

@James Teutschmann

Awesome brother I just want to tell you though don’t go in there telling them exactly what you’re doing because they can easily be like oh no we aren’t lawyers you can’t do that here… You just Gotta be like “hey we have accounts here we need this notarized.” our guy doesn’t even read it or care he just sees the signatures and looks at her licenses. 

Post: How to Structure a Partnership

Gary BarellaPosted
  • Flipper/Rehabber
  • East Brunswick, NJ
  • Posts 64
  • Votes 152
Is this your friend? What everyone else said is def the legit way to do it. I have the same deal with a friend and we just write it down and both sign it and have it notarized at our bank. Cost us nothing and yea it’s not a legal document but it’s on paper if anyone of us acts funny. Don’t get to caught up with that. Just make sure you make money. The nickel and diming partners happens when there’s no money being made. A financing partner won’t say crap to you if your bringing them returns.

Post: Opening trading account. Business? Or personal?

Gary BarellaPosted
  • Flipper/Rehabber
  • East Brunswick, NJ
  • Posts 64
  • Votes 152
I have my LLC for flipping homes but I’m going to start trading stocks… Should I keep that in my personal name or should I have a LLC for that and then create a holding company that holds my real estate LLC and trading LLC and pay myself from the holding company? Will this benefit me better for tax purposes?

Post: Whats The Best Book Youve Recently Read???

Gary BarellaPosted
  • Flipper/Rehabber
  • East Brunswick, NJ
  • Posts 64
  • Votes 152
The Holy Bible...66 books, 40 different authors. Most read book in the world, most bought book in the world, and believe it or not the most stolen book in the world. Can’t go wrong with this one.