All Forum Posts by: Demetrius Morros

There are lots of turnkey providers in Birmingham.  Don't sign any exclusive agreement. Just network some , and you find many people who can provide you with properties.

Mathew,

It sounds like you are an investor.  I am a part time investor and am a health care professional during the day.  I don't know the specifics of your situation, but it sounds as if you have had some adversity to overcome in terms of your own health.  I too would encourage you to come to AIA in Birmingham.  There are also a couple of meet up groups for real estate investors that you should consider attending.  Real Estate Investment could be an ideal career for you and a good thing for you to do.  In my opinion, almost everyone should become a real estate investor.  If you want to talk just message me , and we can chat some more.

Jimmy

Glad you are putting in offers.  How is it that you are in California and are investing in Huntsville?  Just curious to know your story.  I am getting involved in the Huntsville area and need to make some contacts with people on the ground in Huntsville, but I would be interested to talk to you as well.

I am trying to find investors in Huntsville, Alabama.  Thanks. - Jimmy

Laura,

I am an investor in the Birmingham area.  I am interested in working with realtors that understand investors so please contact me if you want to work together .

- Jimmy

There is a REIA in Birmingham which is AIA. I go to it , and it is probably like most REIAs in the United States. There is some good content and some that is not so good. The last meeting was actually pretty good. There are some meetings where there are people trying to sell you their courses. I try to avoid those. There have been some occasional really good speakers at AIA like Pete Fortunate. The Meet Up group Jarod gave you the link to is more of a pure networking situation where no one is trying to sell you their course. People are trying to do business with each other, but that is why we all go to these things. I can't go to everything, and in most situations I will go to the Meet Up if I have to make a choice and can only go to one, but there is an actual REIA in Birmingham too. I have begun to get involved in the government relations aspect of AIA that is very important. Hope that answers your question.

I have owned homes in Pelham, Vestavia, Hoover, Gardendale, and multiple other areas.  In Birmingham the best cash flow is at the low end.  Use property managers and screen tenants and you will do better than the higher end areas.  Birmingham is a great investment market.  That is why so many people from California, New York, and other places are buying here right now.  Come to the Real Estate Investors Meet Up and talk to people.  That is the best way to learn more.

Yes, we have talked about paying them salaries from my LLCs and letting them keep 1/2 and invest the other 1/2 into Roth IRAs. Thanks for your advice.

Thank you very much. I will ask him about that. Yes, it sounds like money in a C corp stays in a C corp for the most part.

I am an investor who is in a higher tax bracket. I am working with a tax attorney who is advising me to form a C corp. I can do my flips and wholesales through the C corp and lower my effective tax rate. I know you can get money back to yourself from a C corp through HSAs, insurance, and so forth. Are there any attorneys, CPAs, or other knowledgable individuals on Bigger Pockets who can suggest some ideas as to how I can get cash I earn from flips back to myself from a C corp and avoid double taxation? I am not eligible for an HSA. My tax attorney has suggested that I really can't in most circumstances , but I can loan money to other entities I have (LLCs that hold rentals) and help myself.

Jimmy