All Forum Posts by: Steven L.

I'm very interested in starting a house flipping business. Goal is to flip 10 houses per year using a GC.

Questions:

1. Does anyone have a software or app recommendation for rehab estimates?

2. How soon should I get a CRM vs using spreadsheets?

3. Recommendations for direct mail marketing?

4. Course recommendations? Specifically for acquisitions. Seems like acquisitions will be the toughest part of the business.

Many thanks

Just a few quick questions please...

1. How do you collect payments? 

2. I see that Zillow has an application built into their website but they don't allow it to be customized, is that generally sufficient enough? 

3. If zillow is not good enough, is there a better way to take applications and process background checks? 

Thank yall very very much. 

 We somewhat have a plan and have a couple questions.... our plan is to do a live in then rent a few times until we have 5 to 10 paid for properties.

We have been living in our current residence for about 5 years and we are interested in renting it out and purchasing a different primary residence. If we discover that landlording is not for us and decide to sell the first house in a year or so, would we have to pay capital gains taxes on it? 

question 2, should we start an LLC before buying house number 2 and putting that house under the LLC? and should we have an LLC setup on house number 1 before we start renting it?

If the decision were mine alone, I'd swing for the fences and get a mini storage or at least a 4-plex. But I'm sure we will probably start out with a single family home. 

Hey everyone, very excited to be here. I was referred to the podcast from a friend of mine about 2 weeks ago and probably listened to maybe 30+ episodes so far. Currently working a full time job and also own a small car dealership(about 15 cars). Over the last few years we have been avid Dave Ramsey fans. We will have our dealership paid for this year and our house paid off in 1.5 years(Lord willing). 

Since we are nearly terrified of debt, the real estate investing is very scary to us. I've read Rich Dad years ago and I understand the concept, but it's still terrifying. My boss(wife) is giving me permission to invest in one property at a time once we pay off our house, so that gives me about 1.5 years to get educated. 

Speaking of debt, if we are going to go forward and use it to invest, are there parameters that y'all use as rule of thumb?.......such as, should i never borrow more than my total net worth??...or not take a bigger monthly payment than i can afford with my personal income just in case the investment goes vacant for a long while or the economy goes sideways? 

Favorite episodes so far... 2, 10, 17***, and 302.

And my goals are not to be a mega millionaire, but to have financial freedom and freedom to move around the country and travel. 

Thanks for all the help, and keep up the good work Josh, David, and Brandon!!! 

38 years old, married, with 2 children.