All Forum Posts by: Lamar Cannon

Awesome strategy. I am looking at adding rentals as well. Welcome!

Welcome Levar!

Welcome and congrats!!

Welcome! Any luck finding a duplex you like?

Welcome Prassana!

Donte,

I am buy no means an expert yet, but here's what we found works best:

1. Know EXACTLY what your buyers want. When getting a property under contract you should have a couple of buyers in mind that the property is perfect for. Its not impossible to move them otherwise, it will just take a little longer.

2. Developing trust with your buyers. Even if you have a smoking deal, your buyers won't touch it if you have unreal comps or you underestimate repairs.

3. Consistent Marketing. Leads must be coming in daily. Know your law of averages. X leads = X deals.

4. Be systematic. If it is not written it is not a system.
No systems = temporary business

I'm still here Bill. I have just been soaking in all of this awesome info you guys have been providing. I really appreciate all of your opinions, research and experience. This information will be very valuable.

My takeaways are:

1. It is possible to be involved in rehabs without being the rehabber or being classified as a lender

2. It will take a great lawyer & meticulous legal planning to accomplish this.

You guys are awesome!! Bill Gulley Terry P. Keith Barton

There's nothing I don't like about it. I'm just looking to gain a more detailed view of an alternative to being a lender.

*what are the

Instead of becoming an HML, I'm looking for innovative ways to lend money or finance flips and other real estate projects. After reading a couple posts on the topic, my wheels are turning. Forming a Series LLC or another type of partnership sounds appealing. How would these deals be structured and what's pros/cons does this have over going the hard money route?

Lamar
Austin, Texas