All Forum Posts by: Joseph C.

Hello BP, Should you / do you invest in an entity such as a LLC or S-Corp, or do you invest in your own name? I would love to see everyone's thoughts.

Thank you all for your responses.

It appears that lending is loosening up for HELOC. When I originally started this thread not man lenders were doing this. At the end of last month a called lenders again and found that many are starting to sell this product again. CLTV is not as high as I would like but still they are lending at 70% on average.

@Account Closed about the chair. If you cant get into a spot, you can find someone who can do that part for you.

You mentioned wanting to wholesale properties. I invest in the Yuba-Sutter area and would love to look at any wholesale deals you come up with.

As to marketing yourself, BP is a great way to network with others in the business.

@adam

I don't invest with a IRA, but have heard good things about Equity Trust from several other investors.

You should be aware that that are certain rules to keep in mind when using a IRA. I am not a CPA or attorney. You may want to seek the advise of a qualified CPA or other professional prior to investing this way.

Attached are some articles that may be hell on this topic.

http://learningcenter.theentrustgroup.com/pages/course/portal.aspx?courseid=331

I hope this is helpful, and good luck.

@Mark McQuiston

Both have their pros and cons. If the property is vacant, it will typically be easier to inspect and preform any repairs that need to be done. Also high vacancies in the property may indicate that the owners are distressed/tired landlords and possibly lead to a better price thru negotiations. The disadvantages are that the property is not occupied and there are no tenants paying rent on day one. You will have to hire a property manager to screen and place tenants or do that your self. It does take some time to place tenants, and how much time depends on your market. You will have to plan and allow for that in your holding costs.

@Brad Thomas

Welcome to BP! This site is such a great collective resource. I feel like learn something everytime I am on the site. I am currently investing in the Yuba-Sutter area. I saw that you want o start out by wholesaling. I would love to look at any wholesale deals you come up with.

@Karen Margrave

Hello Karen, You mentioned keyword alerts. How does one set those up?

@al

@Al Williamson

Hello Al, You mentioned a BP meet up in Sac in January, can you please forward me the info on that. Thank you.

Welcome to BP. It sounds like your on the right track. Education is so important. I'm a real estate investor in central CA. I'm primarily a buy/hold & buy/fix/sell investor. But will also buy and sell on assignment. My target areas are the Yuba-Sutter area and hollister, CA. Let me know if I can help you in your quest for knowledge.

Welcome to BP.

Hello BP, I need some new reading material. I would love some book recommendations. The topic I want to learn about is the use of trusts in real estate investing. Thanks BP

I am looking for an equity line on a non-owner occupied residential property. Please contact me if you are offering or know someone who is offering this product. [email protected] 831-637-9950