Quick example of 70%.ARV is $125kNeeds $30k rehab125k x .7 = $87,50087,500 - 30,000 (rehab) = 57,500 max offer priceThe 70% rule really just is a guide to ensure you are getting a deal on the buy.

You can look up the name of entity you want to register on Texas Secretary of State website, and if it is Unique, and you have a valid Tax ID, ( or your personal number - if you know what I mean),  you can be fairly certain to get the entity registered.  

I'm thinking of buying a Condo in a fairly popular tourist destination a couple blocks off the beach in Hawaii.

In the future, if you want to ensure you get paid at closing, consider getting licensed (if you’re not already). 

Stay out of the big cities and try to find areas that have several small towns that tend to be fairly close to each other (say 5 or 10 miles each. 

Most likely you are taking a fairly large tax loss on this property against your ordinary income.

Hello everyone, I am a fairly newly licensed MA Realtor and am about to purchase my first multi-family property in Western Massachusetts.I’ve done some flips in the past that I’ve lived in and resold years later, but this will be my first multi family property to rent out, and I’ll be buying it cash.Without it being financed, I have some additional concerns over keeping things anonymous and ensuring that an LLC is set up properly for protection.A local real estate attorney has quoted me $1,000 to establish an LLC, in addition to the MA filing fee.

Casey, It is legal nationwide to wholesale however make sure to get all purchase agreements/assignment contracts reviewed by a local attorney to ensure you have the proper verbiage & contingencies.

You also want to ensure you have ample liability coverage since you’re renting out the other side.

There are a lot more properties that don't last forever because they a fairly priced and realistically represented.I always try to represent my offerings in the most honest and accurate way possible.