All Forum Posts by: John Spina jr

@James Monreale

Hey everyone, Im looking to invest out of state being that my current market is too expensive. Im currently searching around a 1 hour driving radius from my area. Although I'm seeing potentially good deals, I'm curious if theres a website that can help show market trends. (other than best places.net) When I say market trends I mean up and coming shops and locations that expect an influx of population. I heard on a bp podcast to look where Starbucks is investing to setup new shops because there people obviously evaluate markets to sell more coffee. "So if there buying in that area, so should you." But where would someone find that kind of information? Any advice is much appreciated.

I’m a GC on the island interested I’m looking for my first flip. Any suggestions 

@Brian Lewis myself and @Ronny Tiburcio host a meet up in Staten Island once a month. We normally schedule them for every last Saturday of the month at the same place and time 12pm - 2pm. The next one is scheduled for August 4th. You can find the link for this meet up in the toolbar at Events.

Thank you @Brian Schmelzlen for breaking it down for me. At least I have a better idea now of some of the basic structure. Id obviously like to keep costs down as much as possible while still protecting my assets. I won't be lost when I initially sit down with my CPA. Much appreciated!

Awesome thanks ill check them out @Ryan Saulle

Hey everyone,

Im a licensed and insured GC in Staten Island, NY. Im looking to grow and do some work in New Jersey but I'm having a hard time getting my General Contracting license for NJ. In order to get a license I need to have a permanent address to register the business under. I do have family that lives in New Jersey but if theres ever an issue down the road I don't want to have my family involved or have any risk. 

Am I stuck or is there another way to get my license for NJ?

@Katie L. and @Brian Schmelzlen I'm also interested in flipping. Especially buy,fix and hold. I have a general contracting business under an S-Corp. I currently do not have rental properties "yet". But when I do, what would be the best way to protect them. Would it be best to put them each in their own LLC? And if they are put into an LLC does that all go into the S-Corp or is it all separate?

Thank you @Paul Defngin do all banks provide that?

I leased a 15' Ford Explorer for 39 months. My leased ended 4 months ago the next vehicle I got was I financed a 15' Ford Transit. Since last October I started a general contracting business (fully licensed and insured) while working full time. I work overnights at a hospital, this W2 pay takes care of my bills, monthly expenses and saving. During the day I'm working on building my general contracting business. I plan on using this business for buy, fix and hold strategy to achieve financial freedom for my fiancee and I.

As for my vehicle, I financed a 2015 Ford Transit. My payments are $100 less than my lease was and my insurance payment is about $40 less also. I put my business decal and my information on the side of the van for advertising and I'm now able to use this as my work van it's great and fits everything I need making my business during the day much easier. I can transport material, store all my tools and remove debris from job sites with ease. 

This is my sole vehicle for now. My fiancee isn't too happy being taken out to dinner in the work van but I tell her its the "Money Maker" LoL. Whenever we go out together we just use her car. Im not really sure when Ill get myself an actual non-work vehicle, probably when I achieve FI ill reward myself.