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All Forum Posts by: Brandon Clark

Brandon Clark has started 26 posts and replied 86 times.

Post: Flood insurance estimates in New Orleans?

Brandon ClarkPosted
  • Real Estate Investor
  • New Orleans, LA
  • Posts 89
  • Votes 2

@Mike Wood do you have any properties off of press St in gentilly? That's where I'm currently looking.

Post: Flood insurance estimates in New Orleans?

Brandon ClarkPosted
  • Real Estate Investor
  • New Orleans, LA
  • Posts 89
  • Votes 2

Hey @Braden Smith, what recommendations do you have on insurance agents?

Post: Flood insurance estimates in New Orleans?

Brandon ClarkPosted
  • Real Estate Investor
  • New Orleans, LA
  • Posts 89
  • Votes 2

Hey @John Maxi, how do you feel about the Gentilly area? I drove through there last week and every block had a bunch of distressed homes. So many that it was kind of scary. 

Post: Picking the right LLC for flipping and renting out homes.

Brandon ClarkPosted
  • Real Estate Investor
  • New Orleans, LA
  • Posts 89
  • Votes 2

Thanks @Steve S.

Post: Is your first flip the most important flip?

Brandon ClarkPosted
  • Real Estate Investor
  • New Orleans, LA
  • Posts 89
  • Votes 2

@Zach Mitchell @Account Closed. Good ideas guys! Seems like I need to pay detailed attention to every single step of the process. Is there a balance on how you monitor your contractors! Do you sit back or micromanage the process?

Post: Is your first flip the most important flip?

Brandon ClarkPosted
  • Real Estate Investor
  • New Orleans, LA
  • Posts 89
  • Votes 2

Hey BP, I'm back again! So I thank you guys for answering all my questions.

As I approach my first flip I was wondering if there is anything that I should look for that will help me move on to my next flip as soon as I'm finished the 1st one. I don't like to look to far down the road but every so often I think about the long haul, and how my 1st flip can boost my investment career. 

I'm not sure if I was clear on this question but let me know if you need anymore details.

Thanks in advance

Post: Picking the right LLC for flipping and renting out homes.

Brandon ClarkPosted
  • Real Estate Investor
  • New Orleans, LA
  • Posts 89
  • Votes 2

Hey guys,

My investing partner and I are getting closer and closer to getting our 1st investment property. At this point we've decided to get a LLC. Is there a "right" or "wrong" entity if we plan on flipping houses and eventually buying some property to hold. I heard on a different forum that a S-Corp or LLC with S-Corp taxing might be the best way to go.

Thanks in advance 

Post: Commercial loan for 1st flip property in New Orleans

Brandon ClarkPosted
  • Real Estate Investor
  • New Orleans, LA
  • Posts 89
  • Votes 2

@Robert Leonard @Mike Wood

Hey Guys, when dealing with commercial loans do I find property before I ask for an amount? If not how do I decide how much money I need if I don't know how much the property and rehab will cost? Also is it a must that the LLC, be established and we have a business plan before talking to lenders?

Post: Commercial loan for 1st flip property in New Orleans

Brandon ClarkPosted
  • Real Estate Investor
  • New Orleans, LA
  • Posts 89
  • Votes 2

Thanks @Robert Leonard! That answered a bunch of my questions.

Post: Building a power team for New Orleans investing

Brandon ClarkPosted
  • Real Estate Investor
  • New Orleans, LA
  • Posts 89
  • Votes 2

Hey guys,

I've created a list of specialist that I think I need on my investing "Power Team". If there is anything I need or don't need please let me know. Also, if there is anybody in the New Orleans area please feel free to send me a few names to fill my needed positions. 

Real estate mentor 

Realtor 

Contractor 

Appraiser 

Inspector 

Title company 

CPA

Real estate attorney 

Banker/mortgage broker 

Bird dogs 

Thanks in advance!

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