I would not recommend you get a house that needs alot of work before you learn abit because some things like flooring bathrooms etc you wont know how to properly evaluate the cost of repair without a tiny bit of experience so if you want to do that i would suggest learning from someone or going and finding out all the different price ranges for the following: kitchens, bathrooms, tiles, hardwood, plumbing, elect, roof, AC, carpet.

With elections past, it will be interesting to see how the market reacts throughout the various states and PR.

Really do the math and interview your local association president of you can.

Are there any reasons why it is a bad idea to have your s-corp or LLC with s-corp election that you use for flips to be the same company that does retail license and bonded general contracting for the public?

I will also add that I saw James Bullard (President of St Louis FED) speak in Chicago at a CFA Institute event a few months ago.  

Also a former President of the local REIA in Ocala, FL.

@Ryan Ball Hernan probably could - and my properties under him are about $1500 a year less than SF Hernan Campuzano, President CTA Insurance Agency Auto • Home • Business • Life • Health 2015 West Fullerton Ave Chicago, IL 60647 Office 773-796-4051 • Fax 847-725-0081 [email protected]

Also, an LLC can elect to be taxed like an S Corporation.While there is never only one answer that is correct for all circumstances, there is a general rule that is almost always the correct choice.

I have wholesaled 100's of properties, flipped dozens of properties and built cash flow to achieve financial freedom.I attended College of Charleston on academic scholarship, receiving a B.A. degree in Urban Planning.I was elected and served as president of the student body.In Summer of 2005, I moved to New Orleans as part of the disaster relief effort, where I honed my negotiation skills settling insurance claim disagreements between contractors, homeowners and insurance companies.

Paired with what he has said, the market tends to soften during election season.