I guess they wanted the glory without the grind.By the way, Keller Williams had Baylor University do a study and they found that if you make random calls into a selected area, after 12 hours of calls, give or take, you get a deal.

as a foreigner you will find it next to impossible to get a loan.. so that's the first thing.second is you must be very careful.. there is a ton of fraud goes on selling US properties to foreigners.. choose wisely mate..

Anyone know anything about the procedures in Louisiana for setting up a "Personal Care Home" vs mere room and boarding for special need individuals.? 

LLC electing S-Corp status is usually beneficial when flipping houses, but be careful that your CPA helps you with the "reasonable compensation" aspect- as that would be the main audit risk.

One LLC with multi members for rentals- IE: A partnership One LLC with multiple members for flips, potentially with S election, potentially as a specially structured partnership.The home office won't vary nor change whether it's you and your wife listed, the office deduction remains the same. 

I am considering an investment with Baceline Investments (David Puchi) and would like to know if anyone has experience they would care to share with either David or the firm. 

Louis is very block-by-block so you will need to be very careful when evaluating deals in the area.

@Phillip Davis be careful of the repair number, I would use the breakdown on there to see where those cost come in and what will need to be fixed.

In our area they care I got caught between the new rules and it cost me a 19k fine plus the clean up of another 20k on a house that if I demo it a year before would have cost 10k or so total.. ..

In our area, 3% deposit will immediately go to Escrow, preapproval from local major lender is carefully contacted with verbal confirmation that the buyer stands out.