All Forum Posts by: Kenye Serna

@Andres Goldstucker thanks for your advise!

@Antoine Martel Thanks!!! ill have that in mind.

Hi BP Friends! 

New is this thing of flipping houses, some questions that i have, and hopefully some of you can help me out.

1. When purchasing the house, who pays for the closing costs?

2. Other than closing costs, what other costs (legal fees / not liens) i might incur not including the rehab costs off course.

Thanks!!

@Antoine Martel thanks for your suggestion, i guess the difficult part on the team is to get a contractor that is willing to go with you and inspect a property every time that something comes up. Yes the 80k are only for the property itself, there is something else apart to invest in the rest of the project.

Looking for any advise on whats the best option to invest 80k in real estate in Miami (not looking to purchase a property to rent)

@Aaron Merriman thank you so much for your advise!

Im planning to invest in a house to flip, having as an investors, myself, a friend and her mother, should i open a corporation to purchase the house?  Should i put the house only under my name since they are not US Citizens neither live in the US? BiggerPockets friends which is the best option?

Thanks!