All Forum Posts by: Phyo Ko

$165K ask, ARV $250k 3BR 2 BA 1,428 Sq. Ft in 32205 zip code. needing light renovation to reach full potential. Opportunity for quick flip. Call/text 619-348-5141 ASAP for access and details.

 congrats on the commercial center and the park build in south fl. I love to chat and hear your story and how you got started. I am interested in getting into land development and I also have a friend here in jacksonville fl that trying to navigate her way into developing rv parks. Do you have an advice on what to look out like road block on zoning or permits durning the process? Also any referral for brokers? 

Hello bp community 

I want to reach out and see if anyone can help connect me with some good brokers that specialize in buying/selling and developing land out here in jacksonville fl. I have questions in regarding on how to navigate local law and zoning when it comes to trying build rv and parking lots. what do I have to look for and watch out for when shopping around. Will permits or zoning be a major issue and etc. Any advice or referral to people I need to get in contact will be a great help thanks in advance. 

Hello everyone, 

I am in the market for a new CPA to help me with setting up business structure and prepare for my tax return next year. I have talk to a couple of different companies but all of them left me feeling over sold and not in good hands. I am hoping to get a unbiased opinion to see if I am just being overly cautious.  

I am currently in military stationed in CA and will be moving to FL end of the year. I have a duplex that's rented out right now and a SFH that I plan to start renting out Jan24. I plan to get my real estate license in FL while I get into fixing and flipping in fl. I want to set a good structure in place for my properties in CA and what I plan to do in FL. Also I want to set up LLC for my wife who has a side business that picking up a lot of traction.

The CPA I have talked to have recommended different approaches on how I should set everything up. One has me putting the CA properties into a LLC with a WY holding LLC owned by a Living Trust then a separate LLC holding company for me and my wife business. Another one has me placing my CA properties into statutory trust-LLC-Land-Wy holding LLC- Living trust and me and my wife separate LLC with a LLC holding company taxes a C corp. I am lost with all the different holding company and trust do I really need all of this complexity? Do I really need a Wyoming LLC, statutory trust and etc? Can I just by with a LLC for my two rental and two llc for myself and my wife? I am still taking my first step I feel like this is over kill. Thank in advance for any advice.

everyone giving some good information for you to think over. Are you willing to hold the property for long term? -30/month lose is cheap that is one less night out eating.30K if you sell is a nice profit but it’s not a lot of money. You will be leaving a lot of potential gain and cash flow on the table by not holding out. Like you said this will be a good way to get your feet wet in the investment game. The lose is cash flow will be temporary but the value you gain from the experiences will be priceless. Don’t forget to use your military resources there a lot out there. 

 Thanks for the advice I am going over what I really want to do with my license right now. I do want the mentorship and training but the more I look at it that doesn’t have to come from the brokerage itself. I am still in the navy so I will be working part time and I looking learn to prospect and working with investors