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All Forum Posts by: Joshua Rogers

Joshua Rogers has started 2 posts and replied 4 times.

Post: Sub-to/Seller finance Hybrid deal help

Joshua RogersPosted
  • Investor
  • Cincinnati, OH
  • Posts 6
  • Votes 4

Hi I'm looking for anyone in the Northern Kentucky/Cincinnati area that would be willing to help me out underwriting and working out contract details. This would be my first rental property but the area it is in has multiple feasible exit strategies just need some help to nail down the step by step process. Would be willing to potential JV the deal.

Post: Do I need a Buisness advisor starting out

Joshua RogersPosted
  • Investor
  • Cincinnati, OH
  • Posts 6
  • Votes 4
Quote from @Caleb Brown:
Quote from @Joshua Rogers:
Quote from @Caleb Brown:

I am not familiar with them but I would say don't. To me that'd be a waste of 3K to start. With the internet and everything at our grasp you can learn and connect with anyone. Also on your first deal don't over complicate. The biggest hurdle would be the property and rehabbing. I'd focus most of your effort on building a team and knowledge for that. 

Thank you. Would there be any specific tax strategy to adhere to when starting out to use. I know I don’t want to complicate it but also want to recapture as many expenses as possible come tax time.

I'd just have a CPA for tax implications that you can ask. Off the bat you really need to dial in the rehab part. You can have the LLC and tax strategy set up but if you mess up the rehab and your #'s it doesn't matter

Okay, thanks. I appreciate it! 

Post: Do I need a Buisness advisor starting out

Joshua RogersPosted
  • Investor
  • Cincinnati, OH
  • Posts 6
  • Votes 4
Quote from @Caleb Brown:

I am not familiar with them but I would say don't. To me that'd be a waste of 3K to start. With the internet and everything at our grasp you can learn and connect with anyone. Also on your first deal don't over complicate. The biggest hurdle would be the property and rehabbing. I'd focus most of your effort on building a team and knowledge for that. 

Thank you. Would there be any specific tax strategy to adhere to when starting out to use. I know I don’t want to complicate it but also want to recapture as many expenses as possible come tax time.

Post: Do I need a Buisness advisor starting out

Joshua RogersPosted
  • Investor
  • Cincinnati, OH
  • Posts 6
  • Votes 4

Hi, I'm brand new to REI. I currently have a hard date to my first Fix and Flip in the Cincinnati,Northern Kentucky area. I have recently come across Anderson Business Advisors who offer a lot of services including LLC formation along with tax strategies for REI. They have a package that cost roughly 3k but includes entity formation along with attorney strategy sessions and Tax strategy sessions unlimited for a year along with access to what they are calling their preferred lenders who provide a mixture of private lending along with bank lending. Is this something that I should pursue and has anyone done something like this when first starting out. I'm kinda looking at it like building my team in which I know at some point Attorney and tax professionals will be needed but more or less is this going to be ideal to start out with. Thanks for your time! I appreciate any comments and advice.