All Forum Posts by: Laura C.

@Sergio Sosa

There are several agreements and contracts here on BP under "Tools" > "File Place." I do not know a Real Estate Attorney in this area personally, but I did do a search about a year ago and made some phone calls. A few seemed to know what I was asking about. I recommend using Yelp to narrow your search for a local attorney. I have been working with Anderson Advisors and they are out of Nevada, but have experience in every state, have a great online platform for their clients, and specialize in real estate transaction. Hope that helps! 

I think they actually meet twice monthly! Check out their website here: https://iereic.org/

I have been to a few meetings but have not become a member yet. Have enjoyed the meetings I was able to attend. 

@Tom Shallcross Thank you! I sent you a DM.

@Juan Pablo Murillo

Check out Anderson Advisors . . . they are a tax and legal firm with a presence/experience in all 50 states. They specialize in tax and asset protection for real estate investors of any size. 

@Tom Shallcross

I saw your earlier post on this forum where you suggested Dave put his 25k toward private lending if his deal is producing 8-10% . . . How would one go about privately lending in that amount? Are you talking about lending to individual investors, or could it be through an investor fund, where private lenders pool their money for that kind of return? 

Thanks for your time, 

Hi @Marcos Urvina

I have not had any experience with banks or credit unions in this area, but in my research I have found that some Hard Money Lenders (HMLs) will loan for something like that. I would suggest starting there for getting easy financing, etc. Which county are you located in?

I have not worked with Clint directly, but I do use Anderson Business Advisors for and legal and tax advice/issues. There are separate fee structures for each component (taxes/bookkeeping and legal), and you pay a fee up front and then a monthly retainer. I have been working with them for about 8 months now. They set up both of my entities and helped me navigate which entities were best for protecting my business and my family/personal assets. 

Overall, I have been very happy with the services they provide. I have received prompt and courteous service even on short notice items. I have been able to consult with my advisor when needed, or submit questions for general review/assistance via their client portal. There are also a lot of opportunities to further your education regarding tax and asset protection, which is helpful. Lastly, they have a large database of contracts, agreements, documents, etc. you might need as a real estate investor. You can download them, make any changes, and then request someone to review it for your specific needs. 

I hope that helps.

For pictures of the property see the listing below: 

https://www.zillow.com/homedetails/455-W-21st-St-S...

Open to any and all offers!! 

Dear fellow SoCal investors, 

For those of you who Wholesale and/or Fix and Flip in the Inland Empire (Riverside, San Bernardino, Ontario, Fontana, Rialto, etc.) do you have a business license? If so, is it through each individual city or a county? 

I have 2 entities that focus on real estate investments, but have yet to find a solid answer on whether I need a business license in this area. I would love to hear your input on the topic. 

Thanks! 

Hi @Bevla Reeves

I agree you make your money on the buy, which I did not do well on this project. :( However, I learned that lesson, along with many others that will help me be more successful in the future. :) 

I consulted with several realtors on the sale price, but not the ARV when I initially bought the property, again . . . something I would do differently in the future. I came in over budget because of the mishaps with the rehab, but the feedback from potential buyers on the design, quality of work, and property as a whole as been great! Many have commented that they liked the house, but not the neighborhood.

Thank you for the encouraging comments! Best wishes to you in your endeavors as well.