All Forum Posts by: Tristan S.

David Dachtera , Christopher Cousin , thanks for your input. Do you have an idea how much it would cost to set such a structure?

Thanks Jeremy Pakalka . Of course that I plan on using a CPA, but I was still open to listen about people's point of view and experiences to have an idea of what's possible.

Hello,

I am a beginner investor, recently closed on my first wholesale deal. Now that I am starting to generate income from real estate, I want to know what would be the best way to structure my business. I am located in Houston, Texas and my goal is primarily to acquire rentals while wholesaling some deals along the way.

I do not have any LLC or anything set up yet. What basic investment structure would you recommend from your personal experience?
I was thinking about two LLC's, one for acquisition (the rentals would be under that LLC name, and I would also use that LLC to do my wholesale deals) and a second LLC that would act as the property management company for the rentals (hold the rent money, pay expenses..etc).

Please let me know what are you thoughts.

Thanks

Josh Miller congrats on taking actions and being motivated. I think the best way to find a mentor is to go network as MUCH as you possibly can. You'll meet tons of people and you will end up meeting that person that you just click with. I have met dozens of people that do what I want to do but if you don't have that special connection, it will be hard to take it to the next level. So get out there and keep meeting people!

@Jose Flores and @Account Closed, thanks for your input, I do appreciate.

TeAusha Moffett be consistent, be persistent. Network with wholesalers to pick their brains. Do not lose your motivation, it will take time and effort before seeing results.

@Jeff Keller I agree with you. I would like to also hear to other side's point on this.

Thanks

Hi everybody,

I had a question concerning wholesaling strategies in general. I have heard from numerous sources that putting the property under contract should be your primary objective when you get to meet the seller at the house, and that afterward you could come back and renegotiate to get the price down. I have an hard time understanding how that could go well and how the seller would still take you seriously if you play that game.
What do you guys think?

Thanks

Nhi Tran I will second the rich club, good place to network and meet other investors. Also I recommend you look for "the real deal" on Meetup.com, amazing monthly meeting, tons of networking. See you there !

I've heard that patten law firm is investor friendly. Have not used them personally yet. Worth calling them to see if they do double closings.