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All Forum Posts by: Nick Parks

Nick Parks has started 8 posts and replied 23 times.

Post: Flipping Profit Split

Nick ParksPosted
  • Contractor
  • Monroe, WA
  • Posts 23
  • Votes 1

Hi all,

I am going to buy a house to flip and be the one to manage the project. I will line up contractors, get bids, schedule, do small items myself and what not. I have a person who wants to lend the money for a down payment on hard money and rehab cost. If I am the deal guy, and he is the money guy, does he pay the monthly interest payments? We will be splitting the profit 50/50. I would like to hear what others have done. Thanks in advance.

Post: Forming an LLC website

Nick ParksPosted
  • Contractor
  • Monroe, WA
  • Posts 23
  • Votes 1

I am getting ready to buy a house to flip and am going to set up am LLC for my business. Does anyone have a recommended webisite? Example: Legalzoom? Thanks

Post: Mac or not to Mac !?

Nick ParksPosted
  • Contractor
  • Monroe, WA
  • Posts 23
  • Votes 1

I think it is personal preference but we use mac. My laptop is from 2011 and still works fine. No viruses is a big plus. The battery is getting pretty tired at this point. I really like how any pictures or files can easily be shared via Bluetooth from phone, to laptop, to ipad. Hope this helps.

I partnered up on my first duplex to spread the risk vs barely making it by on my own. It is a great way to see what the real cost of owning a multi family rental or home at that. We had to buy a distressed property to make the numbers work out here. We both had reserves and access to personal lines of credit.

Post: Home equity list search

Nick ParksPosted
  • Contractor
  • Monroe, WA
  • Posts 23
  • Votes 1

Thanks for all the replies! This imformation gives me a lot to start off with!

Post: Home equity list search

Nick ParksPosted
  • Contractor
  • Monroe, WA
  • Posts 23
  • Votes 1

I am looking in the northern Seattle area. Thanks for the replies!

Post: How to find equity listing

Nick ParksPosted
  • Contractor
  • Monroe, WA
  • Posts 23
  • Votes 1

Thanks Damien!

Post: Home equity list search

Nick ParksPosted
  • Contractor
  • Monroe, WA
  • Posts 23
  • Votes 1
Hi, I have heard of people finding list of people with lots of equity in their homes or people over 50, and am wondering where I would start to find those listings in my local area. My interest is in elderly people who own their property outright and might possibly be interested in owner financing. Any advice would be much appreciated. Thanks in advance!

Post: Home equity list search

Nick ParksPosted
  • Contractor
  • Monroe, WA
  • Posts 23
  • Votes 1
Hi, I have heard of people finding list of people with lots of equity in their homes or people over 50, and am wondering where I would start to find those listings in my local area. My interest is in elderly people who own their property outright and might possibly be interested in owner financing. Any advice would be much appreciated. Thanks in advance!

Post: Home equity lists search

Nick ParksPosted
  • Contractor
  • Monroe, WA
  • Posts 23
  • Votes 1
Hi, I have heard of people finding list of people with lots of equity in their homes or people over 50, and am wondering where I would start to find those listings in my local area. My interest is in elderly people who own their property outright and might possibly be interested in owner financing. Any advice would be much appreciated. Thanks in advance!