All Forum Posts by: Kellen Driscoll

Hey BP, I am looking to purchase a 4-plex in Florida with a partner. The partner will be supplying the down payment. My question is what would be more beneficial to form: a partnership or LLC? Thank you! Kellen

I'd be interested in some information also [email protected]. Thanks!

Hey BP, Can anyone recommend to me a great electrician and plumber in the Tampa Bay Florida area? Thank you!!!!

Mark J. Thank you for the great advice!

Hey Guys, I am looking at a duplex in Tampa, Florida built in the early 1900s and the owner claims it needs leveling. I know this could vary in size of the job/ price depending on the specifics of the job. I was wondering if anybody could shed some light on this issue if you have delt with it before in regards to what is commonly seen in Florida or typically done about it or pricing if possible. Thank you!!!

Hey BP,

I saw one previous post regarding the company Equistream. Apparently they are a company that buys cheap property in bulk from banks with your money and sells said properties to homeowners for a markup leaving you ( the investor ) as the bank ( seller financing ). 

Example you give Equistream 15k and they buy a house in Ohio at a discount, resell it for 40k leaving you as the note holder collecting mortgage payments at higher interest rates (due to the lower qualifications of the tenants/buyer) on that 40k. Apparently if the tenant/buyer defaults on the note, Equistream handles the legalities.

There are obviously some clear benefits here and to me it sounds too good to be true. Has anybody had any experience investing with them?

Thanks!

Hey BP, Do any of you Tampa investors have property management companies that you like working with!? Thank you!

I have decided to use a realtor if you all are curious!

Thank you all for the responses!

I have only seen photos and google earthed it. I really don't have many concerns with it. There is room in my numbers for 3k, but I was just curious if since I already found the property and spoke with the owner and agreed on a price...at this point is it worth it to bring an agent into the deal? I like hearing multiple opinions on this! Thanks guys