All Forum Posts by: David Holaday

So.... I just started two different real estate investment companies. I am a part owner in a company that is going to focus on fix and flips and also starting my own entity whole selling properties. My question; is it illegal to pay myself a finders fee through the company i have partners in? I know there is weird laws around commissions and profit sharing but not sure if this qualifies. Let me know what you think.

I am new to whole selling and I am currently trying to get all my ducks in a row. I have designed a business card but I am wondering if its worth the time and money to have a website as well? My goal is to move into multiple forms of real-estate investing down the road and I can definitely see a benefit to having a website if I'm offering multiple services because I want to show off the quality of my finished products. I just don't know if its worth it when all I'm doing currently is whole selling. What do you think?

@Joe Homs are meet up groups still a thing considering COVID? Craigslist is also a great idea. I’m currently working in building a website as well. Thanks for the time!  

@Joe Homs 

Hey Joe thanks for taking the time to reply but I actually would like to get an answer. It may seem like a dumb question but as some one completely new to the game I really don't know where to start. 

Im new to real-estate but have always been fascinated by it. If possible I would like to quit my current job in 6 months and do it full time. In the mean time I am going to start trying to whole sale to put away capitol for future single family flips. Where do you go to build relationships with buyers if you're trying to start whole selling?

Ya I understand Austin itself would be hard to get into but there is a lot of potential still in surrounding areas. 

My questions is geared more towards how much access I would have to a property to before making an offer. 

I am looking to start flipping and whole selling houses in the Austin market. I did purchase a primary resident late last year but other than that have no real-estate experience. I have been doing a lot of my own reading but there is one question I just cant seem to find the answer to. I know when trying to wholesale you should use ARV x .65 - repairs - wholesale fees. My questions is how do you get the cost of repairs? My partner is actually a general contractor and will be able to make general estimates but do I have to do this off pictures or will people let me in there homes to look. I know that anything on MLS this wont be an issue but im talking about other outlets; Pre-foreclosures, bankruptcies, REO, ect…