All Forum Posts by: Simon Obas

@Gabriel Graumann this is great advice! Your opening sentence hit home for me! Thank you. I appreciate it!

Peace. Flipping a home and will be doing a full home renovation + adding central air and heating. I am knocking out one wall to expand the kitchen.....How important is it for the contractor to pull permits? I hear they are a pain. Can I do the job without pulling permits? Will this hinder me from selling the home? Is there an area to prioritize the permit? #help

@Steven Violano hello. I’m looking into this as well. Thinking about rehabbing a home by finding contractors on Tulbelt. How’s it’s going for you?

Peace. I flipped my first home last month and plan on flipping more homes this year (yay). But I'm hearing the IRS is going to kill me with a tax bill (capital gains). I have an LLC but I'm hearing I should switch to an S Corp. I obviously don't want to owe uncle Sam a large amount of cash. Does anyone have any advice on how to minimize the amount of taxes I can pay as a home flipper?

@Tina Tsysh this would be my 4th flip. I have 2 in the works (I hired GCs do them). This project would be a full home renovation. My budget is $100k

Peace. I have an upcoming project on A house flip and I am trying to decide whether I want to hire a Gc or if I should hire License subcontractors myself to rehab the home. My main reasoning is time and want to save money. Any advice is Greatly recommend. 

Peace. Anyone have a sample investor agreement form that you don’t mind sharing? I’m raising private funds and am in need of a a written agreement. Thank you.

Peace. Currently working on a flip and the home needs a new roof. I am thinking about having a contractor lay new shingles over the existing roof. Is that a no no? Or is that pretty common? How will it impact me when it’s time to sell? The value?

Peace. Flipping a home and it currently has aluminum siding. It definitely needs to be painted to look fresh and new. My question is, Is vinyl a better option and will it raise the home value, or is aluminum siding sufficient?

Peace. I am flipping a home with an indoor pool. Any advice for me? I am hearing mixed things about selling a home with a pool. Also, in terms of finishing touches, does it need top of the line finishes, or will basic finishes suffice?