All Forum Posts by: Kristen Chapin

Thanks!! 

I am seeking investors of any level of experience from 0 deals + to do the 90 day challenge with me.

This was a podcast on bigger pockets from 2017 “90 day challenge” so feel free to check it out if you are ready to buy your next property and need push partners.

If you already have a group running recently, can I please join? I have 3 rentals right now and looking for my first flip deal.

TIA!

@James Orr

Hi! Thanks for replying. I would like someone who can see what we have as far as financials and investments, hear our goals of where we want to be and provide a plan of where to put what. Does that make sense? I assume like a paid consultation.

I am seeking a Real Estate Investor Financial Advisor to help us put our money in the right places. Our ultimate goal is to buy a house to flip in our own cash.

In the meantime, where are the best places for us to invest in crowdfunding. I have googled a lot of places and looking for personal recommendations. Thanks!

I am hoping to find a mentor for my first house flip in Kitsap County. I have done tons of research, have 3 hold properties out of state and would love a second set of eyes on my first flip as a double check to ensure I am not making any major mistakes.

In turn, I am happy to help and partner with you on your flip locally and I am a real estate contractor (licensed agent) that can take you into any home in the area quickly to return the favor.

Please reach out to me if you have any interest in working together locally. Thank you!

Thank you everyone! 

Thank you both! It looks like I may need to speak with someone about what I have going on, goals and then create a plan like a financial advisor that’s a real estate investor or similar. 

 Can you use a Solo 401K to purchase a flip property as long as it is paid back? I saw the max loan was $50K but that was for a loan and was unsure if you can use all the money available to purchase a property? I am self employed now and have an old 401k from my last employer i need to do something with.  Anything else I should be on the lookout for as far as this goes. I have done alot of research as well. Thanks!

Thanks for all the responses! I will be looking through and looking at each angle. I really appreciate the advice

I have an interesting situation and looking for advice. I have contacted my CPA but am still really confused as to the best option so here’s the story.

I work as a licensed 1099 contractor in real estate. You can pretty much call me a “Showing Assistant.” That’s pretty much all I do and get paid to tour houses with clients of my brokerage.

I was also offered a 1099 position for my “other career” as a Recruiter. So now we have 2 1099’s and the self employment tax.

To make matters more complicated, I am an investor and changing my strategy from rentals (all in my personal name with a policy for protection) to wanting to fix and flip houses. For financing, I was told (and for liability) to create and LLC.

My CPA mentioned to possibly create and SCorp and run both my 1099s there as well as the business and well as some other options.

I am looking for advice on how to best handle this tax wise. I have done research and spent time with a CPA but think I am more confused.

Does anyone have any thoughts on how to best make this work?

I appreciate your time and response.