All Forum Posts by: Brian H.

 I feel like you thought I was negating you and I promise I wasn't. Was just mentioning what I had read in order to contribute to the conversation.  The article said there are certain paints that allow the brick to still breathe and will work.  It was stated that brick aids in temperature regulation for a home. The author was just saying that many other types of paint could end up trapping moisture inside the brick which would cause it to deteriorate over time, that's all. Also, I was talking about your general red brick. But, I am very new to all this so I have much to learn and apologize if it seemed like I was telling you you were wrong, which I was not intending to do. I sort of misspoke when I said you shouldn't paint brick. I should have said, instead, that I had read that most paints aren't good for brick because they trap moisture in the brick but there are paints that will allow the brick to still breathe and moisture to move out of the bricks. So, looking into the best paints to preserve the brick seems like a good idea.

 From what I was reading just the other day, you really do not want to paint brick unless it's necessary. It seems like it's an easy way to really cause brick to break down over time because a lot of people use the incorrect paints When painting brick. The article I was reading said brick needs to breathe and most pains will not allow that. Granted, this was just an article I was reading because a house I'm about to rehab as break I was already poorly painted so I was trying to figure out what to do to make it look nicer.

I'm a newbie. What benefit would having a GC license provide? I can just hire all the subcontractors myself, can't I?

Thank you! Part of me thinks I may be better off passing this job off to a professional.

Howdy folks!

Just about a week away from closing on a property I am going to rehab and sell.  

It has a sort of puke yellow paint on the outside. Sorry, not sure what other word to use.   Whoever painted it also didn't really do the job completely. At the top of the exterior walls where the brick meets the facia and all that stuff there paint is pretty patchy with a lot of the original brick showing through or not even painted.  I'd say 90% of the house has the paint on it.  

Here is the house, I promise the yellow is not as "nice" as in the picture. It's pretty bad in person.  Not sure how to describe other than puke yellow. haha

So, I have a few questions.

1. What sort of paint is best for an exterior brick wall?

2. On the spots where there was never any paint applied, do I need to prime that in some way?

3. Can I just paint over the original paint (after pressure washing, of course!) or do I need to also prime that in some way?

4. Are there any recommended/popular colors for house exteriors right now? Especially brick homes since the texture is different?

5. I am assuming I just need to repaint because it would be a nightmare, if not impossible, to get the paint off the brick house?

6.  It is coming up on Winter, do I need to get this done ASAP before cooler weather sets in?  

Thanks so much for any help!! I am sure I will have other questions, but these were the initial ones that popped into my head.

Ok, the bank accounts is easy to figure out as well as no co-mingling funds/property... keeping corporate records is something I have no clue about or the corporate law piece... any guidance or direction there is greatly appreciated!

Hey folks!

So I have my LLC formed. Most Hard Money lenders wouldn't even consider me without it. Ok, so that is done. Now I need to get my EIN, correct? In the form SS-4 I select that I am a one member LLC. On the next set of boxes for question 9a I am supposed to declare the Type of Entity. So, in the instructions it says, because I am the sole member of the LLC, I am a Disregarded Entity, which means the entity is disregarded as seperate from myself for federal tax purposes. So, it says to choose other and write in Disregarded Entity when declaring the type of entity.

SO, my question is this. As an LLC that is a Disregarded Entity for federal tax purposes... am I stil proptected by the veil in terms of liability? IS this ONLY for tax purposes?

Any help would be greatly appreciated!!

Thanks everyone!

Ok gotcha. Just trying to figure out which hard money lenders are worth a look. There are so many.  Thankyou for the information guys.

There is none of that around my area sadly. Closest one is 2 hours away.  So all the hard money lenders online are no good?

Howdy everyone!

I am in need of private or hard money lending for my first flip. Being my first flip, I have never used a hard money or private money lender before. There are SO many hard money lenders out there. I know some must be much better than others.

I will, of course, do my due diligence on lenders but was curious if people here could lend me some advice on any lenders they have used that really worked out for them? Lenders that work with new investors?

I really appreciate any help. I work upwards of 80 hours per week so any help I can get on something like this to just at least narrow down the field REALLY helps me. Then I can do my due diligence on that select few.

Thank you all!!!