All Forum Posts by: Brian Van Pelt

@Jacob Miller

. Sell Property
. HELOC
. Hard Money Loan

@Dave Neeley It sounds like you bought a OPT. Without knowing your purchase price, but it sounds like you won't be able to sell it and if you rent it, the rent won't give you any kind of ROI, at least not for years and years. I would think about wholesaling it, and let someone else deal with the long term.

@Jackie Sanchez

message me your contact info and address of rental, along with info about the house and i will send you comps tomorrow.

Mobile home are generally considered vehicles, most banks will not accept them as collateral, if they do you will need at least 1 year of rental income as well. 

@Lois S.
This web page will provide you answer.
https://codes.findlaw.com/ca/civil-code/civ-sect-1950-5.html

When you don't lose money, the more profit you make the greater the deal.  You look for them in the careful calculations  from every property you analyze..

@Robert Motch

None if you are not a Realtor and you follow local laws.
If you are a realtor, again follow the laws.

The complications will come with dealing with a bunch of investors.

@Jennifer Ashmore What you are describing is referring people to contractors or service providers. Our state made it difficult to, but as long as you tell then verbally or in writing, you clients have the right to choose anyone, not just your referral, then you are in the clear.  I would not turn over "tons of "deals" to other agent, that's like 70 to 75% of your income.  You can still flip homes and not give up a lucrative career.

@Chris McPherson

The first thing you need to do is decide why you need an LLC, because it sounds like with all the research you still don't know. Then go talk to your accountant, they can guide you in the 15 min's it takes to set up an LLC.

@Nick Seginowich

It would depend on how old the dog is.

Seriously, you have bigger issues to worry about renting to students.