All Forum Posts by: Scott Lunn

What is the NAICS designation for home renovation and flipping? trying to file with the TX franchise tax site

@Jon Klaus We are looking for fixer uppers... single family homes, no tenants or other strings. Just regular flip properties

Great! We are looking for homes under under 90k in the Garland, Rowlett Area or Denton and Colin County. I don't mind paying a wholesaler but there just needs to be some "meat left on the bone" so to speak...

@Joe Kalis Good question! I have driven all over the area. What I have not done is contact any sellers directly or send out mailers or anything. Am I too small for that? I can only afford one of these at a time...

DFW newbie. I have my funding, I have my down payment, now I need a house!

Big problem! It seems in my market, every thing out there has some big money group squatting it with contingency offers etc. Everything else is already rehabbed and maxed out! I have MLS feeds coming but the day they appear they have "active contingencies". Am I wrong to think that these are someone squatting the house with only half intention of buying?

HOW DO I FIND A HOME!? Looking under 100k fixer upper

Found a home going up for auction. Property company says requires 5% fee plus credit card hold of 2500 for bidder. Is this normal. I am newbie so assuming the bid is taken how do I ensure home has a good title etc? Looking for guidance on this.

@Account Closed

Hi Kim

I would love to get those MLS feeds from you when you have chance.

We are looking for homes under 70k within a 10-20 mile radius of Frisco.

Are you possibly an agent that could help us with finding a house?

Just starting so to me the "wholesaler" thing is a mystery. I understand the basics of the concept but what I am missing is why the wholesalers are not retailing the homes. Can someone enlighten me?

Also if I were to use one to find my first home how should I go about it and what do I watch out for?

For a newbie with good income and great credit, what lenders are best? I tried Wells where my mortgage is but that want to talk me into a small line of credit. I don't want to go everywhere racking up inquiries I just need someone to give me a good program for getting started in the flipping biz.

Really just looking to manage my LLC in terms of trying to separate expenses from personal and analyze profits and ensure all of my duck are in a row at tax time.