All Forum Posts by: Eric Griemsmann

Thanks @Wayne Brooks  for clarifying that I didn't know how it worked. Just tried to suggest something. What classify as long term?

Thank you @Bill Gulley

@Account Closed  this is the number I would only pay for this house with the amount of upgrades I would need to do to it to get what market value would be worth. I ran comps houses selling for 150,000 fully upgraded. That's why I would only pay that much for it. 

Well the owner news about 120k but this house would only be worth 70k. I know in my heart its not a deal but was just wondering if there was some way to get the house for 70k. Thanks for the input

Is there a solution? I am new to Real estate investing. Can you offer a lower payoff for a home to a bank if the owner knows its going to go to foreclosure or do you have to wait until it goes to foreclosure. What happens to the owners negative equity? Thank you in advance for your thoughts.

thank you for the info @David Dachtera  very helpful thank you. So I would need a real estate attorney would be a good choice?

Which would be better to do to start LLC. Go through Legalzoom or an actual attorney to start business.

Thank you @Ben Stoodley. I appreciate all the info you just provided, it helped greatly.

I do not want to pull my own permits. So your saying it all depends on my state and local levels that might require me to have liscenses? It was telling me for Florida that I needed to hold like 7. 4 at federal 2at state 2 at local. So I was just trying to find out if this is true. Thank for your input @J Scott.