Hi, A friend and I are going to start a real estate flipping LLC, he's done 100s and owns a larger GC compan, I'm newer to it.

I'm a drywall contractor and working on site a lot doesn't allowed me to reach out to the fullest and also -screen for potential customers/employees, -following up with future and current customers,-shop around for insurance brokers.List goes on If you are indeed using a virtual assistant what is their task that you have them do?

I’ve read and heard to get rid of the tasks you don’t like or don’t wish to do.

With a cash out refinance, the extra equity built up in a property either through renovation or through rise of prices in the property market, is taken out by obtaining a new larger mortgage.

The advantage would be being able to eliminate flood insurance and have a larger profit margin.

With 2 larger tenants the underwriting is different than with your larger space and 2 smaller spaces.

Once I learn the business well, I’ll be back on the hunt for a larger facility next year.

If it’s a larger multi family I’d try to either bring on a more experienced partner or a property manager to help with some of the new bank’s requirements for experience.

I always recommend getting an LLC from the beginning, especially if you plan on building a larger portfolio.

So far I've only invested in duplexes in Atlanta but I think it's time to look at larger deals.