All Forum Posts by: Mark Graziano

I do not like to negatively comment on anyone's hard work but good feedback is always helpful. IMO I am not a fan.  The logo is strange and doesn't  convey the message that you are trying to communicate.   The name is fine and I agree with the others, the GDI is fine as well but you may want to rethink the logo.

This sounds like something you need to run your numbers thoroughly on.  Make sure you look at your holding cost, costs for funding, closing costs, costs to sell and rehab cost.  These costs on their own can add up to 40k-60k on their own.  Once you take all your costs into account I think your answer will be very clear. 

Its better to have no deal, than a bad deal.

Good Luck

Flat Fee Listing which is around 395+ here

I will be attending.

Thank You

I would really love to come to these but they are the same day as the Atlanta REIA Meeting in Marietta. Any chance we could bump the date in the future. That meeting is on the last Monday of each month I think.

Deal 1 and 2.

Purchase Price 129k - Are you financing or purchasing with cash?

Rents - 1700

Property Tax - 2000/12 = 167

Insurance = ?

Vacancy = ?

Capital Expenditures = ?

Debt Service =?

Property Management = ?

Utilities = ?

Deferred Maintenance = ?

You would need all these number to do a decent evaluation on your deal. 

Yes, Last listsource run was 6%.

I have been running a DM campaign now for about 6 months and I want to be ready for the houses that I can use owner/creative financing to purchase, but not in my own name. My question is WHEN do I form that LLC. Is the time now, seeing that it does take some time to complete the LLC process? Or should I wait and buy it in my own name, and then transfer it into an LLC since I do not have one established currently?

Second, once you have a primary LLC set up, do you use that one to purchase the homes and then transfer them into a different LLC so you do not hold them in your primary LLC. The primary LLC in this example would be the one that you use for business marketing and direct mail, basically your branded LLC.

Last, for a first LLC do you suggest using an attorney or is it just as easy to do it using an internet based services? Also, is a registered agent necessary or useful in this type of business?

Thank You,

Mark

(Yes, I have used the search feature)

@Shawn Gardner, most of the properties you find  D4D your agent doesn't need to know about because many of them will not be listed or have anyone representing them.    The first thing you need to do is find a way to contact the owner.  There is no reason to bring your agent into the picture if you do not have to.  If the property is not listed your agent isn't going to know much about the property in the first place.  Second, why would you want to pay a commission to your realtor for a property that you found if you are doing all the work?  If you were to need them for some reason, by all mean, use the and pay them, but if not  there is no need.

If you need a CMA after you get in touch with the owner then you can cross that bridge when you get to it, but for now, focus on getting in touch with the owner of the property.

@Thao Le,  Go ahead and run the numbers both ways, as a rental and a sale, and account for property management in your rental analysis.  If you can make it cash flow well and want passive income go for it.  If not sell it.   Its a hot market right now so you may be able to get good money out of it.