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All Forum Posts by: Andy Lightner

Andy Lightner has started 4 posts and replied 5 times.

Rehabbing & House Flipping

Post: Rehab with $0 out of pocket

Andy LightnerPosted
  • Investor
  • yorktown, VA
  • Posts 12
  • Votes 0

Looking to do my first rehab with no money out of pocket.

are there legit lenders that will do this so i can learn and make some cash?

I am a wholesaler by trade, but it just isn't cutting it and i need to go to the next level.  Any suggestions?

0 Votes
Wholesaling

Post: buying a property under LLC

Andy LightnerPosted
  • Investor
  • yorktown, VA
  • Posts 12
  • Votes 0

it was one of those things that i read about that could take down some of the costs, being a double close i thought there were a few options and this being one of them

0 Votes
Wholesaling

Post: buying a property under LLC

Andy LightnerPosted
  • Investor
  • yorktown, VA
  • Posts 12
  • Votes 0

i am looking at forming an LLC for an REO property and then wholesaling the LLC to an end buyer. how easy is this, does it make sense to do, and what, if any, are the tax implcations on this transaction if done as a double close?

0 Votes
Buying & Selling Real Estate

Post: buying a house thru LLC then selling LLC

Andy LightnerPosted
  • Investor
  • yorktown, VA
  • Posts 12
  • Votes 0

I'm sure it's been asked NUMEROUS times, but, how easy is it to put a property under contract in an LLC and then wholesale the LLC to an end buyer in a double close?
Looking into this exact approach now. what are the tax implications, if any?

0 Votes
Starting Out

Post: Tax Ramifications for Wholesaling

Andy LightnerPosted
  • Investor
  • yorktown, VA
  • Posts 12
  • Votes 0

all,

i am in virginia and ready to get my first wholesale in the books, what are the tax ramifications for wholesaling? I cant seem to find this info anywhere????

0 Votes