All Forum Posts by: Naveed Q.

@Sylvia Pomazak Sorry to hear your story and thank you for sharing and helping the BP community exposing these scam artists.

@Brian Lee, I will say reach out to @Jay Hinrichs. I am sure he will be able to guide/help you with this.

Try Granite expo in Oakland.

@Patrick Boutin, I started in an similar situation as you are planning but in my case the RE agent was also going to put 50% of the money or the Rehab cost. The agreement was that he would oversee the rehab etc. as I was working full time. But after first deal, I was doing most of the running around, dealing with contractors, overseeing the rehab because I wanted to learn and understand the whole thing.  At the back end we will split the profits 50/50. 

In your case if you are putting 100% of funds and also will be managing portion of the rehab I will say 60/40 or 65/35 will be fair.

@Joe Ventresco  Following is the link that one of the BP user has put out and it contains all the books that has been mentioned in each BP Podcast. 

All Books Mentioned on BiggerPockets.com Podcast

Interested to see response on your question @Neil Henderson.

@Dmitriy Fomichenko

@Brian Eastman

Welcome @Matt Pendleton to BP from a fellow Bay Area local! and congrats on your first flip. 

Hello All,

This is our 2nd meeting of a newly created REI Group "Contra Costa County Real Estate Investors"

When: Thursday, December 8, 2016 7:00 PM

Where:  Round Table Pizza, 2190 Main Street, Oakley, CA

Creating Systems To Ensure The Success Of Your Business

Systems are huge in the success of any business, so we are going to dig into the systems we have implemented that have worked, the ones that have not, and ones we are having trouble implementing. Some systems are overly complex and prone to breakdowns, while others are simple, 100% automated, and a game changer. And of course we will have free networking after this discussion!

Be sure to get this one on your calendar TODAY! as you do not want to miss this meetup.

See you there!

@Account Closed

@Account Closed,

Keywords:

Oakley, Bay Point, Pittsburg, Martinez, Brentwood, Concord , Antioch, Discovery Bay, Mountain House, Contra Costa County, East Bay, East Bay Meetup, Bay Area.

@Sunny D. I am not a CPA but so far that I have read and talked to... for flips its better to have

S- Corp. Also, if you are a CA resident you will have to pay taxes in CA on your out-of-state flips. Below is a good video from Amanda Han where she talks about it as well.

Amanda Han and Matt MacFarland of Keystone CPA

There are couple of good CPA's here on BP:

@Brandon Hall

@Steven Hamilton II

@Kelly Byrd I have been doing some reading on HELOC's and so far I have found that the rates are variable so in your example what happens if Y% changes ? since you are looking long term. So far it looks like mostly HELOC is used for fix and flips or buy cash, rehab, rent, refinance (BRRR) pull the cash out and start all over again. So the investment per cycle for using HELOC is short and not long term.