All Forum Posts by: Manolo D.

@Phil Hong Not necessarily, you could get taxed at business level if you choose to, it wont be a pass thru if you dont file it as such.

@Alick Patrick Dont expose your assets by taking them under your name. get an llc, its a small price to pay rather than losing a house.

I am not sure why you will hold money in c corp. it sounds like you could absorb all the income as it wont be that much this year. why not just use the llc for now? do not do 50/50, it poses a legal problem. I always use 49/51, so one party can buy-out the other. from what ive understood, if you have 0 income on c/s corp level, then its 0 tax on that, therefore you only pay personal level. if you hold something, it is 15.xx% difference. but, in my opinion, llc is all the same, just that not a lot of paperworks and can be taxed upon election of your choosing. llc is less paperwork compliance, so it would be great for somebody who will be busy starting a family.

@Marc Vargas Try to scrap what you have spent if you have been tought by the gurus. I have read they are worthless. Read some books here if you have some $ to spend --they are around $1-$30--, or the forums, or podcasts for motivation. Self education is key here.

I apologize, I misread that it was the last meeting. I would be there on 28th.

This is an accident waiting to happen.

Im a newbie to RE but not to construction or contracting. Like a regular businessman that i am, we always have opportunity costs, it IS part of business. 

I agree with @Elizabeth Colegrove , earning business is not easy. I go with the nature of what agents are for.

Say i give the 1,500, what is my assurance that he will perform his end of the bargain? What if he is lazy and does not perform or i plainky dont like his pace because its too slow? I would be stuck with -1,500. What if I dont pursue my goal because of some family issues. Without the -1,500 on my books, its easy to call quits.

Count me in! My first meetup with real estate industry crowd! So excited! Jon mentioned 6 days to go, is the date sure?

I think that is his lucky shirt, would love to buy the shirt to get the 24 unit apartment. ha!

@Brandon Turner 

I have attended and listened to your podcasts and wholesaler webinar, great stuff. Thank you, and good luck on the best seller, maybe it will sell 10 million copies like 10x by grant cardone's book.

@Melodee Lucido 

Hi Melodee, what is the budget on the rehab costs? what is its scope? We have done several cosmetic interior and exterior rehabbing for apartments and hospitality. Mostly material supplied by owner to save on their costs, we can help, feel free to contact me anytime. Thanks.

@Judy Parker I am new in REI but not really new to numbers that much. 5 houses in at 150k within 3 years vs 3 houses at 500k in downtown NY would be a whole different story.

@Jason J. If you check her profile, and in my humble opinion, its like comparing apples and oranges.