All Forum Posts by: Orrett Lawrence

Hi BP,

I am about to take my first flip property and would like to get some input from the BP forum.

I've selected my first property and now waiting on the hml to get the property appraised. My hml has gone through 4 appraisers who were not willing to do the appraisal for some reason.  the latest appraiser indicated that the property seems to have evidence of mold and therefore pass on doing the appraisal.    

my question- is it a common thing to have difficulty getting an investment property appraised?  Is there an alternative?

We've rescheduled the closing date once and if thing continues at the current pace, I think the closing date will have to be push to the right again.  

@Gary Crawford

great job and thanks for sharing.

I am in the process of buying a foreclosure property with 6 plus acres. I am having a hard time finding a property appraiser qualified to appraise property over 6 acres.

Any recommendation?

@Theresa Harris

I'm flipping this property.

I recently won a bid on a property. About .75 acres

There is an abandant on the property and I am not sure I should do with it?

Looking creative ideas out there?

@Josh Thompson

Josh

Have you heard of Phil Pustejovsky, real estate investor.

I've been a landlord by default for more than a decade.  I am going through the process to start a business flipping properties to generate additional income to support my long-term goal of providing quality affordable rental properties. 

I would like some feedback on which entity "LLC or S-Corporation" is best to use when flipping properties. What are the pros and cons?

Thanks for your input.

Orrett