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All Forum Posts by: Mark Norris

Mark Norris has started 4 posts and replied 7 times.

Post: Setting up a Company for WholeSale?

Mark NorrisPosted
  • Auto Collision Consult
  • Houston, TX
  • Posts 7
  • Votes 1

@Joshus light  thanks for the advice makes sense, you brought up a good point.

@Ned Carey I'll check out that website out to see what I can find. Thanks for your help 

Post: Setting up a Company for WholeSale?

Mark NorrisPosted
  • Auto Collision Consult
  • Houston, TX
  • Posts 7
  • Votes 1

I need help I'm not sure what to do I'm jumping into Wholesaleing and was wondering do I need to Set up a company for My wholesaling Business. I'm thinking Yes even if its a small amount of deals per year, just because of tax purposes and to have some type of protection. Any help would be awesome I have no idea and or direction to more info. Whats the a good REI to go to to in Houston? Also If I did set up a company for Wholesale How would this effect me as a Realtor? It's not brokerage I'm I Safe?

Post: Hello Everyone, I'm New

Mark NorrisPosted
  • Auto Collision Consult
  • Houston, TX
  • Posts 7
  • Votes 1

Thanks for the response and my long delay, I'm looking for more buy and hold approach But theres some many ways to approach real estate I'm still trying to figure out that path. 

Post: Equity Loan on Rental House?? We own Free and Clear

Mark NorrisPosted
  • Auto Collision Consult
  • Houston, TX
  • Posts 7
  • Votes 1

So, I found out the other day in the state of Texas to Take out an Equity Loan on a rental property. It has to be a commercial Loan this is are second house. We do own the rental House free and clear with title/deed maybe I just super new to investing but I never heard of this? If so what are my options and what Mortgage co. will loan money out?

Thanks

Post: What Formula Makes a deal good?

Mark NorrisPosted
  • Auto Collision Consult
  • Houston, TX
  • Posts 7
  • Votes 1

@Curt davis 

Sorry for delay, Thanks for your help and advice. 

Post: What Formula Makes a deal good?

Mark NorrisPosted
  • Auto Collision Consult
  • Houston, TX
  • Posts 7
  • Votes 1

I'm Pretty new to being an investor and have been studying the numbers game. So this may sounds stupid however I don't get it should be simple right? Whats the simplest  formal or example of a break down oh how the numbers look on a rental for either a signal family or duplex for a Purchase to rent and hold, Like a quick glance to see if the house is worth perusing?

Post: Hello Everyone, I'm New

Mark NorrisPosted
  • Auto Collision Consult
  • Houston, TX
  • Posts 7
  • Votes 1

I'm starting Real Estate Investing from Houston Texas Area. Anybody Close around?