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All Forum Posts by: Michelle Loftis

Michelle Loftis has started 3 posts and replied 8 times.

Post: Houston Meetup - Thursday, April 3rd, 2014

Michelle LoftisPosted
  • Rehabber
  • Katy, TX
  • Posts 8
  • Votes 0

Looking forward to it.

Hello,

A few family members and I are preparing to work on our first flip and we'd like to meet with a local real estate attorney to discuss how to structure the deal. The general idea is for a few people to put up the money (purchase + rehab) and then for me to manage finding the property, rehabbing and selling it. This initial project would be a test case to see how well it works out. If everything goes well, we might continue the arrangement so I'm thinking a JV is the way to go on this first property instead of something more permanent like a LLC. Still this will be my first flip and the first time using family money so we want to make sure everyone is covered and all the responsibilities are spelled out.

Does anyone have a recommendation for a Houston real estate attorney who could advise us and draw up the paperwork?

Thanks.

Post: Houston Meetup March 2014

Michelle LoftisPosted
  • Rehabber
  • Katy, TX
  • Posts 8
  • Votes 0

I'm planning on attending. Looking forward to it.

Post: Houston Meetup February 2014

Michelle LoftisPosted
  • Rehabber
  • Katy, TX
  • Posts 8
  • Votes 0

I just found this thread and so missed the Feb meet up. Any chance there will be a March one? I'd be very interested in attending. Thanks!

Post: CPA in the Houston (Katy) area?

Michelle LoftisPosted
  • Rehabber
  • Katy, TX
  • Posts 8
  • Votes 0

I'm looking for one too. Could one of the people on this thread PM any names they've received so far? Thanks in advance.

Hello,

Does anyone have a recommendation for an investor-friendly buyer's agent who works in Katy, Texas? We think we've found our target area and are looking for a great buyer's agent to work with.

Thanks in advance!

Michelle

Post: Recommendation for CPA in Houston?

Michelle LoftisPosted
  • Rehabber
  • Katy, TX
  • Posts 8
  • Votes 0

Thank you for the advice, everyone. Lots to check into!

Post: Recommendation for CPA in Houston?

Michelle LoftisPosted
  • Rehabber
  • Katy, TX
  • Posts 8
  • Votes 0

Hello,

Does anyone have recommendations for a CPA in Houston who is knowledgeable about the ins and outs of real estate investing?

We specifically need help deciphering the rules behind self-directed IRAs and borrowing from a 401k.

Thanks for the help.

Michelle