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18 March 2018 | 2 replies
I put the few questions in parentheses.Thank you, Tony Plan:1)Find buyers and make a buyers list--Market your wholesaling business---Using bandit signs "I sell houses dirt cheap"---Business cards---Internet2)Find a lawyer that can help make a contract with a due diligence clause and option agreement3)Find my target area where I will do my house searching--Using the Central Appraisal District4)Find distressed properties--Tall grass--Piled up mail--Boarded up windows--Take a pen & paper, take notes and pictures of the property5)Create an excel spreadsheet of the property--Owner-occupied?
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19 March 2018 | 7 replies
I put the few questions in parentheses.Thank you,TonyPlan:possibly start out with small, unimproved/vanant land1)Find buyers and make a buyers list--Market your wholesaling business---Using bandit signs "I sell houses dirt cheap"---Business cards---Internet---Real estate meet-ups2)Find a lawyer that can help make a contract--due diligence clause--option agreement--allow both parties to know who you are representing to avoid legal disputes (buyer & seller)3)Find my target area where I will do my house searching--Using the County Appraisal District4)Find distressed properties--Tall grass--Piled up mail--Boarded up windows--Take a pen & paper, take notes and pictures of the property5)Create an excel spreadsheet of the property--Owner-occupied?
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22 March 2018 | 8 replies
Some will apply for a 0% interest balance transfer and show their credit card balances as MAXED OUT.Then, when they receive the 0% balance transfer checks, they simply do quick Cash Advances on those cards and come right behind the advances with the 0% interest balance pay off checks.
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20 March 2018 | 8 replies
You get to learn a TON about how your business should work, and will avoid losing loads of cash to a management company—they may be convenient but the good ones aren't cheap.Plus, it's not too hard to find good software and tools to help you out with managing, if you want something more solid than an Excel sheet and a contact list.
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1 April 2018 | 7 replies
We’re getting an LLC and S-Corp set up now so we can hit the ground running when we get there.We’re planning to use the S-Corp for the flips (we don’t plan to make enough money the first year to actually reap the advantages an S-Corp provides, but you never know) and the LLC is for our longer term cash flowing holds.We’re looking for advice on what to look for when establishing LLCs and what to look for when selecting a bank for establishing a business account after receiving our TIN.
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28 March 2018 | 24 replies
Ask & you shall receive.
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20 March 2018 | 8 replies
And yes, my drivers license is addressed to my parents house and I still receive mail there.
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3 April 2018 | 12 replies
At the closing I received a credit for the sanitation bill.
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19 March 2018 | 4 replies
Due to working abroad 6 years, I must rebuild my US credit (nearly excellent now) and build my work history ( nearly 6 months now). 2.
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25 March 2018 | 13 replies
Essentially they become an investor in a larger property (multi-family, self storage, etc), receiving a preferred return every month with ZERO action required while still staying exposed to the real estate market.