All Forum Posts by: Genesis Pacheco

Hello i am new to this and just started getting into real estate investing. I am starting as an wholesaler and wanted to know from someone with experience here in the New York city who obtained an LLC. What exactly do you have to do to get an LLC? I did some research and saw that NY does require a little bit more.

Hey Jonathan how are you?  I'm new to the game and was thinking of starting in long island as well. Just wanted to know how that's been going for you? 

Thank you for your reply. This is all completely new to me so I'm just trying to get a better understanding. The show is actually new on CNBC 

https://www.google.com/amp/www.cnbc.com/amp/2016/1...

That's actually the link to it. So when she sells the house on the land she owns that part of the land where the house was sold becomes the buyers too? Sorry for the questions I just want to make sure I'm getting this right

So im currently learning about becoming a real estate investor and I was watching this show called "The deed", where this women bought a land and started building her development of houses. Now my question is she owes the bank a loan for the land and a loan to start building. Once the houses are sold she obviously profits and pays back the loan. So is that the only time she profits, is when the house is sold and that's it? Or does she get some type of assets for the house being on the land she built the development on?  

Thank you so much Jay! I will definitely be checking out everything on here. I appreciate your time explaining to me. Have a great day! 

Hello so I just started learning about becoming a real estate investor and I wanted to know how exactly it works. I saw from successful people that they actually didn't put no money in and basically found a seller l, got a deal with them and found a buyer to pay more. With all that the middle person makes profit and the buyer fixes and flips it for more profit. I wanted to know more about how exactly to go about this if anyone can help me in this?