All Forum Posts by: Brian Van Pelt

@Liz Collier

Start here : Link

@Liz Collier

Start here: Link

@Jonathan Bombaci

Good luck . As a business owner , I've found the best motivator especially in the real estate industry is sales opportunities. Forcing people to become investors, who may turn out not to like it or are bad at it is a recipe for disaster.  I better idea is to build a team of agents who understand the investor mentality and who can build a client list of repeat customers. Just because something is working for you does not mean it will work for them.

Realtors are a fickle bunch and will leave you if something goes wrong or they feel pushed into an uncomfortable area.

The last bit of advice , agents are independent contractors and requiring them to be investors may pierce the independent contractor viel and open you up to being an employer at the least and a investment advisor at worst and not a team leader.

@Kurt Dieringer

. You own the LLC, profits from your LLC are counted as income .
. LLC incorporation papers show you as LLC owner
. A lender understands the above

Just keep good accounting for LLC

@Zachary Wright

virginia - outdoor signs ordannece

§ 33.2-1224. Signs or advertising on rocks, poles, etc; civil penalty.

Any person who in any manner (i) paints, prints, places, puts or affixes any sign or advertisement upon or to any rock, stone, tree, fence, stump, pole, mile-board, milestone, danger-sign, guide-sign, guidepost, highway sign, historical marker, building, or other object lawfully within the limits of any highway or (ii) erects, paints, prints, places, puts, or affixes any sign or advertisement within the limits of any highway shall be assessed a civil penalty of $100. Each occurrence shall be subject to a separate penalty. All civil penalties collected under this section shall be paid into the Highway Maintenance and Operating Fund. Signs or advertisements placed within the limits of the highway are hereby declared a public and private nuisance and may be forthwith removed, obliterated, or abated by the Commissioner of Highways or his representatives without notice. The Commissioner of Highways may collect the cost of such removal, obliteration, or abatement from the person erecting, painting, printing, placing, putting, affixing or using such sign or advertisement. When no one is observed erecting, painting, printing, placing, putting, or affixing such sign or advertisement, the person, firm or corporation being advertised shall be presumed to have placed the sign or advertisement and shall be punished accordingly. Such presumption, however, shall be rebuttable by competent evidence. In addition, the Commissioner or his representative may seek to enjoin any recurring violator of this section. The Commissioner of Highways may enter into agreements with any local governing body authorizing local law-enforcement agencies or other local governmental entities to act as agents of the Commissioner for the purpose of (i) enforcing the provisions of this section and (ii) collecting the penalties and costs provided for in this section. Any such agreement may provide that penalties and costs collected pursuant to such agreement shall be paid as agreed.

Maryland also is starting to crack down of repeat violators . I know of one wholesaler with "We pay cash for houses" signs, that was fined over $37,000 over the course of 3 months.

... and yes, states and counties have gotten very good at tracking you down from phone numbers, email addresses and even going as far a pretending to be a home seller to meet with you to hand deliver a fine for illegal signs.

Make sure you pick up each and every sign. 

@Kenneth Gudger yeah i know but its a home town thing.

@Zachary Wright

You may want to make sure those signs are picked up by Sunday evening. :)

@Arya Jackson

You don't actually own multiple properties, You have the "option" to have your name recorded on the property. This option when you read the 32 pages of fine print of the TOS. Indicates you have to pay recording fees, service fees and other fees to get recorded. The $ cost is so high no one will do it unless they own 51% of the "value" of the property. So basicly you end up "investing" by giving your $ as a no collateralized loan.

I predict this will turn into a Ponzi Scam once the Market has a significant downturm

@Franklin Carter

Buy the book "Wholesaling for Dummies", then come back and post your real questions.

Sorry, It's late, i'm tired and the Orioles lost another game.

@Mary Schr

It sounds like you are leaning towards keeping it and counting on future appreciation. If that the choice you make then a couple of options are.

. Partner up with someone to invest in your property with cash based on future appreciation ( a very slim chance of finding anyone) This reduces your mortgage and increases your principal payment that further reduces your mort balance
. Put every spare dollar,nickel and dime on your mortgage and pay it down as quick as possible. This reduces your mortgage and increases your principal payment that further reduces your mort balance.
. Sell everything you don't absolutely need and put on Mortgage.This reduces your mortgage and increases your principal payment that further reduces your mort balance
. Buy a Lottery Ticket