All Forum Posts by: Nadine Lajoie

Tonight in Fountain Valley at a real estate club, I will share how I did 14.88% in this fix and flip in ONLY 2 months, annualized 89.3%... pretty good!!!  I have 2 others in the pipeline right now too, if you want to jump in! :-)

LLC questions: I'm not an attorney myself but an ex financial planner and owned 6 businesses myself in 2 Countries and registered in 5 different States. So I know a lot by own experience. Fortunately never had a law suit, so cannot tell how solid those get when tested and probably those who get law suit will never share their experience. So the best is to rely on a GOOD attorney... but we never know how good they are until they are tested... always the problem, same with accountants...

Definitely need a LLC or S-Corp in most cases, or maybe a series LLC if you have hundreds of properties.

Usually don't put your active and short term income in a LLC, but in your S-corp. Rentals are great in LLC. And you probably need both anyway... don't want to put everything in same company, maybe a few houses is ok but not all, just in case.

Corporate veil is really important to respect to keep your protection and liability against law suits... maybe even land trust is awesome.

Consult an attorney that is for sure and I know 2 who are specialized into that if you need to.

Good luck

Super and welcome here.  Are you able to work with international taxes Canada and USA.  I have business and properties in both Countries and this is a nightmare with double taxation now I became a tax resident in 2015.... are you familiar with all the forms like 5471, subpart F, 8938, FBARR, 8833, 8621, 3520 and much more!!!!

Hope we can talk. Thanks

Is it upside down? Did you run the numbers, the comps, etc? You may be able to do a sandwich lease-option, an equity sharing or just an option? If you want to wholesale, would it be for a fix and flip or a buy and hold or lease-option strategy?  What the nbers are able to support is the first question .  Let me know if you need help on that.

We still need to talk. Let's connect next week 949-421-7562

Congrats in jumping in. With 50k, you can get 3 houses Out-of States with a turn key company, worth over double and you can refinance new buyers at 12% with a rent-to-own strategy, so the ROI is awesome! I started Only OOS, 14 deals in 18 months in IL, IN and GA with 4 different teams, and never saw one of my property!!! Yes completely doable. :-)

You can also invest here in California but will be harder, with less margin, but you need lenders, I know at least 4 who can probably help you leverage your first investment!

You need a plan, preferred strategy and NUMBERS!!!

Speaking tonight on that too... and let us know how we can help!

Hi and welcome to BP. You didn't tell which kind of strategy you want to do, buy and hold, fix and flip, lease option and what kind of ROI are you expecting in return?

If you look for 10% CROI as a BH in California, they are pretty rare, but out of States, really easy, I have over 1000 deals list every month.  However, if you look for 20-40% CROI on a FF, still possible in California too.

I always say to my clients, buy what you can afford, aim for excellence, not necessarily perfection! Most investors are looking for the home run and the get rich quick guru mindset, they have watched too many webinars!!!  Why not starting at 10 mph before going 180 mph (I'm and ex champion motorcycle Racer and compare everything with bikes... lol)

I've made 14 deals Out-of-States because I could not afford California until this year!!! And still could not afford that 3br/2ba, so I bought a condo at 162,500 in March, sold it, next week closing of escrow for 200k cash... made over 22k or 13.1% in 2 months, annualized 78%.  Pretty happy about it, even if that is not a home run... and already in escrow for my second one, by myself, for partner-up, wholesale or lease and flip!!!

I see so many clients with the Paralysis-Analysis syndrome, never move forward and afraid.  Once you know your NUMBERS, your exit strategies and have the right people around you to help along the way, you can make things happen faster and safer.

Good luck and let me know how I can help.

Did you think about a land trust to save taxation?

Cash is better in many cases, unfortunately.  Just got a condo in escrow, with multiple offer but they accepted mine because it was a cash offer.  Try to find a friend or quick money lenders that you can get the money from them and still be a cash buyer.  I can introduce you to a few people if you need to.  

Reason I'm focusing on condo is there is less competition, so sometimes, we have to do what we have to do to make money, even if that is not our first choice. 

Good luck

Welcome to BP and you will find great education here... besides some great people to learn from.

You need to be clear on what strategy you want or can afford first, buy and hold, fix and flip, lease-option and how much cash-down or friend who can help you put the money together.  Can you get a loan, credit score, revenues, etc

If you do all the basics properly and focus on the right strategy and the NUMBERS, which kind of ROI do you need? What areas, etc...

Let me know how I can help and good luck!