All Forum Posts by: Arlan Potter

@Dakota Coburn Tough luck. I always underestimated the rehab costs and time for completion. Its just difficult to get good numbers.. I have lost money on flips before, but never had any partners. Always just me. (and the bank)

sounds like you are doing well. wait it out.

If you have $100,000 saved up at 18 yrs old, you will do great at whatever you set your mind to . Start with a small multi unit, maybe a 4-plex. Get involved with local REI groups.

Buy it, fix it, sell it. By Myers

Buy it, fix it, sell it. By Myers

Insurance is the best safe guard. Do you actually have a great amount of personal wealth to protect? That an insurance policy wont protect. If you did, you probably wouldn't be asking on a forum of wanna-be real estate investors. Get legal advice from your lawyer.

Insurance is the best safe guard. Do you actually have any personal wealth to protect? That an insurance policy wont protect.

Why would you do that? Balance sheet accounts(cash for example) don't need to be property attached. Income/Expense accounts(rent, utilities, roofs......) need to be attached to specific properties. PS How many properties do you have in this series LLC? Seems very complicated. For what purpose?

I would just hire him for a set amount. Partnerships on flips are difficult to work out. It your deal.

Bring me deals on a silver platter. I have a realtor, an agent, that learned 18 years ago that if he brought me a deal, that I would look at it and let him know within a few minutes, yeah or nay, and that I would be a cash buyer and follow through. He has made me a lot of money over the years bringing me sweet deals.