All Forum Posts by: Suzanne HAINER

Thank you so much for the insight, Carol!  I will definitely check out SCORE. I really appreciate your taking the time to respond!

Hello! My sister and I are starting a real estate investment business which will initially be funded with our self directed solo 401k's and regular savings. Our goal will be to buy and sell to flippers or buy and flip ourselves at least 2 properties per year at first. We plan to buy at least one rental property per year for passive income. Initially, we thought an LLC was the way to go but a meeting with a seasoned RE agent and investor yesterday pointed us in the S-corp direction. Is there a difference between the 2 types when it comes to funding your transactions? We have a meeting with a business attorney next week but want to be as educated as possible before that. Thank you to all who take the time to give advice!!!

My sister and business partner, Caryn Messinger, and I, Suzanne Hainer, plan to attend.  We are just getting started so can't wait to network with others in this area!  Thank you!

Hello! My sister and I live in Raleigh NC and have recently quit our jobs to pursue a business in house flipping.  We  attended the Fortune Builders seminar last February and have been doing self education about the business since then and at this point it would really be great if there was someone out there who would be willing to give us advice and guidance as we begin to look to purchase our first property.  We have looked into going to tax auctions and maybe buying directly from the owner before the actual auction and then either flipping the property ourselves or sell it to another flipper.  I have been reading blogs on this site for awhile but to have an individual we could directly learn from, or if there is someone that actually lives in this area and would be willing to help guide us through our first transaction that would be great!  Specifically, we need help choosing a contractor who is experienced in working this type of business and perhaps a real estate agent who has expertise in foreclosures.  Any concrete advice or help would be so greatly appreciated and We thank you so much in advance! 

I live in NC and have been to a couple of tax foreclosure auctions.  I would like to explore buying a tax foreclosure property directly from the owner before it goes to auction.  I am new at this so any advice would be greatly appreciated.  Would it be best to find a real estate agent experienced in foreclosures to work with?  Also, what exactly would my due diligence be before I approach the owner.  My thought is to buy the property then sell it for profit to another investor or flipper.  Can you wholesale these types of properties or is it best to sell conventionally after I take possession?  As you can see...so many questions!  Thank you for any response in advance!