All Forum Posts by: Molly Paprota

I've owned a duplex for two years and i'm in the process of selling it and switching over to fix & flips. I'm looking for guidance on the best way to manage the sale tax wise, as well as how to structure a LLC for the flip(s) moving forward.

@Harry Shin Yes! I just connected with you, shoot me a DM and i'll send over the contact info for my agent

just signed up!

that's awesome, congrats on this win!

curious, how much of your 40k profit had to go to closing costs and other fees?

Im also an OOS investor with a duplex in cleveland. I had a great agent who was able to provide virtual showings and was awesome throughout the process. Happy to connect you if you're interested. Also, I'm getting into flips and i'm preparing to sell my cleveland property, happy to share more info about it or just answer any questions you have about OOS investing in general 

I am currently sourcing my first flip in newburgh NY and looking for a savvy agent who can help me find the right place. Looking for an agent who's worked on flips with investors before. I am using the 70% rule to analyze properties and am looking for someone familiar with what to look for numbers wise and rehab wise. Open to gut rehabs but want to avoid foundation/structural damage. Thank you!

Welcome Harry! I'm a also an out of state investor - I live in NY but I own a duplex in Cleveland, OH. I had a great agent who did manyyy facetime walkthroughs of homes and I found my duplex which has been cash flowing for 2 years. Feel free to DM me with questions or anything!

I was listening to a REI podcast and he mentioned how investing in real estate and doing flips without a license is like not having an essential part of your toolkit. I've never considered getting my license but I am wondering if it would be worth doing, would love to hear any insight for or against this idea.

@Ryan Coon thank you!

@Ryan Coon this is helpful! so are you saying creating an s-corp will help to not get tagged as a dealer, rather than an LLC?

im also working on my first flip and looking into the best way to structure the arrangement between my partner and i. i have a long term rental but its in my personal name.