All Forum Posts by: Nirzhar Kar

anyone?

I was looking to buy this from amazon but it seems that they dont have a digital copy of this book. I prefer to read on my kindle/ipad so is there a digital copy of this book anywhere online to purchase? I bought the other book and it is great so i wanted to get this one as well but digital.

well thing is i am planning to use it to find properties but moreso so i save the realestate fees when i sell my flips. even 1 could save me like 20k. But i am wondering if i have to work for a realestate broker in order to sell my property or can i just sell it while working for myself solo?

and can you clarify being part of the "club." what do you mean? are you saying that if i actually work as an agent with a brookerage that they have deals that never even hit the market so i can get it before it does go? please clarify.

So i am thinking about getting my license so it can assist me on my investments. I will be flipping houses so i figured getting my license can help with seeing MLS and houses that i can invest on. Also i can save money on closing costs. But the question i had is that will i have to work for a broker to get access to all those things like mls site and other realestate leads possible to invest on? And will i be able to save on my closing costs by being my own agent if i dont work for anyone? I really am not planning to work for anyone but just use the license to further my investments. So can someone clarify on all of this?

so is my closing costs the same when I have agent vs if I don't? Lol (buyer not seller)

basically 2 of us are managing and other 2 are just investors but we are planning to split profit (or loss) equally depending on how much we invested atleast for 1st house.

Basically we are all investing but just 2 of us managing and doing everything. 

Anyone invest by boring hard money and flipping more houses? I am starting my venture into flipping but  i wonder how people have 12+ houses at once without borrowing money? And since most good deals are cash, i am guessing that borrowing hard money is the only way to do this. Do people make a living by borrowing hard money and flipping or do they all do this with their own money by just slowly increasing their bankroll by flipping?

I am going to invest on my first flip with a small group of 3 other investors (family/friends). I am wondering how i deal with tax ? Say i make 50k in profits. Do i pay the tax on the 50k and then distribute everyones weighted profit portion or do i distribute everyones profit and then pay tax on my own porition?

Also is starting a LLC a good idea?

so if I didn't get a agent the closing costs would be exactly the same?

I am going to make some cash offers on some houses to flip so i need to try to save money anyway i can. But i am wondering if i need a realestate agent or not. How much % of the buy does realestate agents get in NJ from the buyers side usually? 

Also if i do decide to do this alone, what things am i going to have to do exactly? I am guessing i have to hire a lawyer to check the title and other things? Also my contractor will go through the as is house for his bid on rehab before i make the offer. So what exactly do i need the real estate agent for that i cant do myself? Stuff like comps i can just use zillow or mls to find myself i assume. (Even though my next thing i am going to do is get my realestate license).

Can someone tell me what % i owe the realestate agent as a buyer? I know it will be included in closing costs but trying to figure out how much . I will be looking to flip in NJ.