All Forum Posts by: Justin Putt

When you say license are you referring to a Real Estate License or is there another type of license you can get?

What exactly makes birddoggin illegal, the fact that you are acting as a realtor bring buyers and sellers together, or the money aspect. I guess I dont really understand why its a problem to bring buyers and sellers together. My goal is to birddog on the side so that eventually I can start wholesaling instead, plus there is much less risk and complications.

If you need a license what type do you need, a real estate license?

I am currently looking at properties in the Indianapolis area for cash flow properties and rehab and flip properties also. I currently have a rental property that I am looking to purchase, but just need to get financing for it. I need someone that I can work with for this deal and future deals as well. They will need to offer conventional and HML as well.

Thanks.

So you are saying just form a company(LLC) here where I live and do business through my company wherever I want. That is what I want to do but I heard because of liability reasons I might need to form that LLC in whatever state I am doing business in. I most likely will have already done deals by myself before forming a LLC. What happens when I actually form my LLC, how can I put them under my company?

I am looking to start an investment company primarily dealing with rental properties at first and then I want to expand further from there with flips, commercial, and so on. I live in Ohio but plan on starting rentals and flips out of the state. I really want one business and one name. So do I start it here in Ohio and do business out of the state or do I start an individual LLC for each state I do business in. That sounds kind of crazy. Unless I could start a company in Ohio and have divisons in each state. Not sure how that would work.

Any help on this would greatly be appreciated.

Thanks!

If I had a million dollars I would try to turn it in to 10 million by reinvesting it, or at least half of it.

Thanks for replying. I guess my major goal is to gain capital. I am a beginning investor and have only been looking into doing quick flips and sales, but have been thinking more and more of looking at rentals with a reasonable LTV and then financing or refinancing them and cashing out on some of the equity.
I just need to find some type of lender that could do this for me.

have heard mixed comments on this. If I were to purchase properties that were to be rented or lease optioned and my original sale price was for example 50k, but the property appraised at 70k at least. How soon could I refinance that property and cash out some of the money, like 15k.

People have told me I have to wait 3 months, some have said 1 year, but then some have told me I can refinance any time I want and cash out.

Is there anyone that can do this? Refinance anytime and cash out?

Thanks!

Hello, just wondering if anyone knows of a real estate investment group in Cincinnati, would really like to find one and start networking more and more. Thanks.

You said that they sue you individually, how is that possible if you have an LLC. I did not think that they could sue you, I thought that they had to sue your company. Even if they sued you, how could it go forward since the property is not owned by you, its owned by the LLC.