All Forum Posts by: Charles Leon

I have my crews tied up on other projects and I’m looking for a contractor that can take on a complete project

I'm closing a deal with a homeowner that has mold in her property. Issue is, she's been living with mold for almost a year and she is very sick. The PM (Property Management Office) won't help. They said it is not their issue but the leak started on the exterior of the unit. Is there anyone out there that can give me some pointers. I feel that purchasing the home and fixing it is not enough. She needs help. 

@Will Barnard I completely agree. Just wanted some insight from someone that's been in the game longer. Also, all my LLC's are taxed like S Corps which prevents the double taxation. Thanks again for the reply as it has shed a lot of light.

@Manuel Baltodano Great point Manuel! I guess as long as I add that cost into an expense for flip, it can alleviate unwanted headaches even if nothing were ever to happen. Like insurance. Again, thanks a million!

@Mike S. Amazing information Mike! Thank you so much! I will definitely read this book and research. [Solicitation Removed by Moderators]

@Greg Dickerson thank you Greg. My CPA recommended this because one of his investors was sued after he had sold a property and they went after the company assets. Not sure why if FLORIDA is an "as is" state. But it was a recommendation in the event someone were to come after you, they'll go after only that LLC with that one transaction @Natalie Kolodij

@Natalie Kolodij thank you!

@Davidson Francois

Call me and I will put you in contact with the right lender. I’ve done 12 flips with the same person and I won’t change (888)394-3535

I've been doing fix and flips for a few years but I had my CPA tell me I should open a different LLC for every property then close it when the property has sold. Thoughts?