All Forum Posts by: Mariesa - Katherine Janta

HI TEAM, I am very excited in this process of purchasing my first rental :) 

Can anyone give me a breakdown with numbers of what closing costs to expect when closing on a 4-plex in AZ , Paradise Valley ? 

I want the seller to take closing cost , and give him a % of how much this will be / how much I will pay for the deal ;)  

Love ya´ll <3

Hi Billy, 

Thank you for the information. 

I appreciate it :) 

Take care,

Mariesa

Hi guys, 

does anyone has experience on how much property insurance cost should be roughly, 

on a 4 plex in Paradise Valley Arizona ? 

500.000$ Value.

Thanks for taking your time to answer

Hi Team, 

I am just starting out with flipping in Arizona. ***excited / curious / humbled***

I was wondering if anyone who has done several flips in Phoenix-Arizona before, and would be like to share their experiences and offer me advise during the process ? 

Can someone share their experience throughout the process, like all the little questions you have no one seems to talk about ? 

Do you really need an LLC / how to write an offer / how can I raise my chances of getting an offer accepted / where can I find equity partners / any tipps for working with contractors or finding good ones / how to set up a contract with equity partners / how does the selling process work / tipps for advertising the fixed up property ...? .. its a long list for me.

Since I do not know anyone in my network yet who I can ask those questions, I am reaching out to the community. :)

Well I guess some of you guys know what its like and have been there! 

So help is appreciated! 

P.S: I am looking forward to the day when I can finally share my advise with someone on the house flipping topic

Have a good day! 

Hi Team,

I am really getting into the meat and potatoes of getting a deal. I want to do a flip in Arizona.

Still I am reaching out to find an equity partner to whom I can be the "sweat Parter" to^^:)

How do you guys find equity partners ? 

Do you have experience with foreign Investors ? 

Any ideas are helpful :) Thank you 

Mariesa

Hi, 

I am a foreign Investor from Germany.

I want to get together with people who do fix and flip deals in Phoenix Arizona. I can contribute time and energy to find deals as well as I have set up a real Estate structure DW LLC and AZ LLC.

I am looking at 2 potential properties that I  made offers on and already reached out to lenders for capital. 

My interest is to build a network of people who have experience in doing flips in Arizona, who want to partner up potentially and / or are in Phoenix, to take care of admin tasks ,for I can not be immediately in Phoenix for the next month, in case the offer gets accepted and errands have to be completed.

Anyone interested or else please reach out 

Best regards, 

Mariesa

Hey,

I am writing my first business plan.

My company structure is a wy LLC , that's hold local AZ LLC wich hold the CRE Multifamily property.

How do I set up the plan ? Coming from the WY LLC or for the AZ llc?

Do both entity’s need seperate business plans ? And do I include the property into the business plan of the AZ llc ?

Advice is appreciated :)

Best Mariesa

Hey, 

I am Mariesa, 26 , german.

Since 3 years now, I am educating myself financially in Real Estate Investing.

So far I know my target market, property type, investment strategy, the type of company I want to have and I have a network / team of people who can help me to get set up and maintain the long run. Its just waiting for me to get started.

However, I would like to fine someone, who is from Europe too and did what I want to do. How founded an entity in the USA , LLC and / or Umbrella company to buy real estate in the USA. I would like to hear your story and how everything came about for you. How did you get started ? To where I want to be it is still a way to go ( and fly ;)) and

currently, I find myself in a bit of a challenging situation. Some encouraging words and a success story will be helpful. Moreover I am looking for structure on how I can go on from here, for what is coming up next. I appreciate your time. 

So here is to me :) :

To invest in real estate I want to found an entity in the USA, Arizona. Therefore and for the down payment, I would like to apply for fund and grow business credit. I also have about 12 K of credit repair to do... To ask for most business credit in the USA I will need a Social security number and a registered address in the USA. 

So my question is what to do next ? 

A: Make a real Estate License in USA, then find a Broker as a sponsor (job) , get a Social Security Number and address, apply for business credit, set up the entity and buy real estate. 

> Thought: I am in contact with brokers, asked for possibility to get sponsored after license, see my options and go from there. Possibility I might not find a job... Real Estate Lisence would be beneficial anyway.

B: Private Credit is not an option. I don´t know any rich people who can lend me money.. Private loan from a bank might be, but it adds to bad personal negative credit score... Business credit without a Social Security number is possible in the USA but not easy, still might be an option. Do I get a Social security Number when I found an entity in the USA ? How do I get funding to set up my entity and have money for the down payment in the USA otherwise ? Does anyone has experience with credit builder loans, start up capitals, venture capital, or hard money loans ? 

> Thoughts:  I need more information

I hope this post will help me forward, and I would love to hear inspiring stories about how other people who were in my position made it through! 

* Love Mariesa