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Updated over 6 years ago on . Most recent reply

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Don Washington III
  • Atlanta, Georgia (GA)
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Wholesaling LLC owned properties

Don Washington III
  • Atlanta, Georgia (GA)
Posted

Hello BP. I want to know what people think about LLC owned properties for newbie investors. A lot of the properties that I have found while doing my due diligence; it appears that the ones that look like a "great" opportunity and has the most potential, most of these properties are owned by local LLC companies. For example, I found a property with a lot of fire damage on a multi family. I couldn't find the tax records online and had to go to city hall to get the information that I needed. It turns out that it is owned by an LLC company (just like many others I have found). At this time I have limited funds to work with and I want to jump on these properties as soon as possible. What is the best thing you would suggest for me to do to flip one of these properties and make a decent profit? Or are these kinds of properties out of my range right now until I build more capital and get more experience?

Thanks.

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157
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Thelonious Jones
  • Atlanta, GA
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Thelonious Jones
  • Atlanta, GA
Replied

Look on the secretary of state website to find out the owner/agent of the LLC and send them a letter.

Nothing is out of your range if you are really hungry

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