All Forum Posts by: Kris B.

Question for agents. What's your take on no more 6% commission and how this will change the way you operate?

Thank you @Lateefah Mathews This is very helpful! 

Are aware of any software solutions/service provider for managing C-corp operations like payroll processing, book keeping etc ?

What's the ideal business structure in Texas for sole-owner, flipping business that offers anonymity, tax efficiency and asset protection? Does anyone have a recommendation between Texas series LLC and WY(or NV) C-corp owning TX LLC?

Also, is C-corp an overkill, though it offers tax efficiency? Can you get same level of tax efficiency without C-Corp overhead?

How do you handle RE agent commission while flipping? Do you pay while buying and selling again for buyer and seller agents? Is there a standard % for a sfr (if anyone is around DFW market) ?

 Can you educate me on the sewer scope you mentioned?

Flip is definitely the best case scenario. This market seems to have a lot of houses including new construction. So, rent and hold will be my worst case scenario.

Hey folks. This is my post post in this community and I am super excited to join here. I am hoping to get some guidance. I am a newbie investor and working on a deal in Dallas area for Rehab, Rent and Hold. This is a SFR 2900 sq ft, 4/2.5 with 2 car garage. LP is 280,000, ARV is 425,000ish and renovation is about 75 ~ 80 grands (+20 grands for closing cost, first year taxes, reserve etc). Thinking of 25% cash down with the rest in HM. However, does this deal even make sense? This neighborhood has been a buyers market; more houses than buyers. This house has some equity already, but after closing cost for each transaction, cap expenses, property taxes in TX, do I really get anything out of this deal If I hold for 2-3 years?

The BP rental report shows below:

Monthly cash flow: -$349 /mo
Income: $2,300 /mo
Expenses: $2,649 /mo
CoC ROI: -2.79%
Pro Forma Cap Rate: 3.35%
Purchase Cap Rate: 5.10%

TIA!