All Forum Posts by: Justin P.

@Eli Silverman 

I agree with @Isaac Blocher's assessment. Since you are looking for 100% finance and it may be a longer/looser timeline than most are accustomed to you may want to consider a partnership or an interest + equity arrangement. 

Hey, @Leonard Knight. Welcome to BP.

La Plata is a bit of a drive from Bladensburg, but the SOMDREIG group that @Kim Coleman mentioned is a good one. Pop by on Tuesday if you can. I'm planning on being there.

Hey, @Stephen Miller.

Why does your friend want to sell?

P.S.
I grew up in Huntingtown where my parents still have a house.

Hey, @Eli Silverman.

What are the terms of your seller financing?

How will the private investor be cashed out? You wrote that you prefer a lease option of 3 years for your exit but only a 1-2 year private investment.

Has anyone had experience being personally sued and having their LLC protect them?

Thank you for the recommendation, @Elizabeth Nourse. I'll drop him a line.

Thanks, @Brad Smith. Sounds like he covers all the bases.

Anyone else have a good CPA they can recommend? Or, if you are a CPA, feel free to reach out to me directly or post your info to this thread.

Hey, everyone.

I'm in need of a CPA to help me organize my finances and plan/minimize my taxes. I feel I've taken things as far as I can myself and am sure I'm leaving money on the table. Not good because I work hard for my money.

To give you an idea of what I'm working with: My wife and I both have full time jobs, I have a very profitable web design agency that is based out of my home, and I'm planning on adding a few buy and hold properties this year.

Any recommendations will be greatly appreciated. Thanks you!

Hey, @Ed Kahle.

Did you end up completing the deal with your friend? Did you do a promissory note and mortgage as Jeff mentioned?

I'm new and am curious about how the private lending works.

Thanks.

@Derek T.

Thanks for sharing the rehab spreadsheet. I'm getting started in the DC area and am wondering if you've made any refinements to your spreadsheet since November of 2012? If you have, would you mind sharing them?

Thanks again.