All Forum Posts by: Gus Lawson

@Bill Gulley

I appreciate your insight.

Is there a difference in the SEC's eyes from a person getting a loan from personal contacts and an LLC getting funding from it's known network? The scope would be on a project by project basis.

Thank you!

Jeff,

Happy New Year!

I'm currently working on my private lending pamphlet. Full disclosure: I'm new to this. I was working on the outline when I stumbled across this info.

http://www.biggerpockets.com/renewsblog/2011/09/06/5-things-private-money-lenders-want-to-know-before-investing-with-you/

My intent is to structure the pamphlet so it explicitly addresses each of the 5 topics. My goal is to be finished with my pamphlet in a week. I'd be happy to send it to you if you're interested.

Your thoughts?

Cheers, Gus

@John Miller

Michael Q. posted good content here:

I'm new at this as well but I would suggest you build rapport with potential sellers before including an offer price.

@Andy Collins

Andy,

Thank you for your insight. The umbrella policy may be the way to go for me.

Hello all,

I understand that LLCs can't purchase homes use Homepath Renovation loans. Does anyone have experience with purchasing an REO using a Homepath Renovation loan as an individual and transferring ownership after the LLC is created? I would only do this once. Is this legal for a buy-and-hold strategy or would it be better to sell as an individual?

Thank you in advance for your honest feedback.

@Mehran K.

Thank you for the welcome. There is a treasure trove of information here. I love it.

Mehran, I will definitely check out the podcasts. What a great way to make the commute pass by.

Brandon, I'm considering three main options and open to suggestions - 1. REOs (65% ARV - repair costs with a home inspection). 2. Develop website and start sending postcards to target market (still considering options) to buy homes using subject to/owner financing 3. Purchasing from wholesalers.

In your experience, do you know of any wholesalers who would be open to subject to financing if they were given a percentage of the profit?

Thanks for the beginners guide, it's helping gel a lot of the information I've been reading elsewhere.

Ned, I will definitely look for the BP group in Burke. Thanks for the tip!

I welcome all suggestions.

Thanks, @Sekelle O.

I see from your profile you are a wholesaler, rehabber, and landlord. Would you mind sharing your path? Did you slowly build experience wholesaling, then move to rehabbing, and then becoming a landlord? Or did you take on the three different roles at roughly the same time?

Thanks again!

Hi everyone,

Over the past few days, I've been really impressed with the openness and sense of community on this site. Great job everyone!

I'm new to the real estate game and recognize I must give in order to learn from the best. I'm ready to connect with those who may need some help.

I'm handy and good with developing databases and helping businesses run more efficiently.

I'm ready to help and learn. What can I do for you?