All Forum Posts by: Kyle Mitchell

Thanks for the messages @Jo-Ann Lapin and @Manolo D. and the tip! I do currently have an agent I am working with, I also have my real estate license. Thanks again!

Hey everyone,

I am looking into flipping houses in the Los Angeles area, preferably in Long Beach or in close proximity to.  Anyone from this area that flips have any advice or tips?

Thanks,

Kyle Mitchell

HI everyone,

I currently have one single family home investment that is currently under my own name. In the next few months I am planning on purchasing about 5-6 more single families out of state. I have heard different things from different people and am pretty confused in the direction I should take for protecting my assets. My CPA says that at this stage in the game for me all I need is an Umbrella Policy which should be good to cover me with so few investment properties. Others have told me to start an LLC or a Series LLC. I want to make sure I do what is going to protect me in the long run and don't mind spending the money upfront to make sure I make the right decisions for my future. I live in California so the LLC fees and tax charges are pretty high. Is an Umbrella Policy ok for me at this stage or should I go all in with an LLC? I appreciate all of the feedback and help with this!

Thanks Todd, you use these to purchase, fix up and then hold?

I'm thinking about taking out a HELOC of about $75k (80% LTV) and purchasing another investment home outside the state of California. Does anyone have any experience with this? Any advice out there? Is it better to try and use this money for a flip or a buy and hold? Only experience I have is buy and hold at this point. Thanks!

Hi everybody! My name is Kyle and I am new to real estate investing. I am looking for other investors in the SoCal area to network with and learn from.