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Updated almost 11 years ago on . Most recent reply

User Stats

3
Posts
3
Votes
Paul Johnson
  • Contractor
  • Bossier City, LA
3
Votes |
3
Posts

Introduction of BP's newest biggest fan

Paul Johnson
  • Contractor
  • Bossier City, LA
Posted

Hey guys, sorry its taken me a few days to introduce myself.  Between work and reading up on the forums and Investing in Real Estate (Also bought Flipping Houses and joined 123Flip) I've somehow found myself very focused on my goals.  This place is a spectacular onslaught of information:)  

Saying that, there is one thing I feel I need to say.  Yesterday, while reading in the forums, I spoke up in one of them, concerning Rich Dad Education Funding, and said exactly what I felt concerning the situation.  Today, on my profile i noticed two votes (thank you), then below that I saw "Is this user spamming or falsely advertising? Report User." Lol, which, honestly, I can understand why this may be thought.  After several days, that had been my only post.  So I am here to say firmly, No.  No, I was not spamming or falsely advertising.  I was merely stating what I had gotten from that series, in answer to a question concerning that series. :)

As for me, I am a plumber by trade, with no actual real estate experience, that up until a few days ago thought that I had a blueprint for my future business.  I see now that it was more like a finger painting done by a three year old. Well, maybe not that crude, but nowhere near as refined as it could/should be, at least for the end goal that I am wanting.  

As for my plans/goals business-wise, I'm honestly not sure how much I can state or if it would be thought I am trying to sale/recruit.  I'm not.  Lol, I don't want 2/2 of my posts flagged:) Though I would love to put it out there for any feedback/criticism that would help refine it and open my mind to concepts that either i wasn't aware of or hadn't realized.  But I do have a few questions, that I'm sure I may find the answers to the more I read, but to be honest, i've happily been pushing myself to a mental overload of information:)

1) As part of my business plan, I am going to create a corporation.  Is this something I should do before I have the means in place to purchase my first investment property (or begin the other aspects of my corp)? And if so, how would this affect my first investment being an owner-occupied property?  

2) Concerning foreclosures, as a secondary business in my corp, if I were able to get a contract from a mortgage company to subcontract people to clean/landscape their properties as needed, could this feasibly help me with foreclosure/preforeclosure deals?  By having that contact with the mortgage company? Even if it was just them giving me contact info for their clients that were on the way to foreclosing, couldn't afford it, and wanted to find someone to buy it off of them?  Or give the clients my info?  Or would that be illegal? By having said contract with a mortgage company, would that somehow make me unable to buy through them?  

Thanks in advance:) 

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