All Forum Posts by: Jake Huber

I have a partner/investor in CA. I flip single family homes in OH. Hoping to do at least 4-6 per year (I have full time job but we've done one already!)

I do all the leg work (market research, loans, realtors, meeting with sellers, doing deals) and my partner is the cash and we discuss everything weekly so he is involved in the decisions.

Our question is what is the best protection for us individually and as an entity LLP or LLC?

Is there special insurance you can get with LLP that is not available as an LLC (we heard this)?

What is the easiest to administer/sign docs, etc... (since we are miles apart and we dont want hassle of back and forth)?

Which is the easiest to dissolve once the partnership has fulfilled its use?

Any other comments are greatly appreciated!

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Originally posted by @Naveen Desai:

@Jake Huber

Hi, I am here in Cincinnati as well. Welcome to BP. Will inbox you one of my GC contacts and we can catch up sometime.

Thanks.

Great! I look forward to the connection. Thank you

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Originally posted by @Tim G.:

Welcome Jake. I'm currently working on my 2nd flip in Fairfield. I've gone through a couple contractors already. I have a set of guys in right now that seem to be doing a pretty decent job so far...been on-site for almost a week now. I'll update in another week to let you know how they are doing.

However, I do have a drywall guy that I HIGHLY recommend. It's a guy and his brother.....they came in last week, removed a bunch of wallpaper, skim coated over all those areas and patched a bunch of holes. Excellent work and the price was very good. He also said they do painting as well. I told him I wish he would have told me that a week ago as I already have someone lined up. I can message you his contact info if you want it.

Thanks Tim!

Send me over their info. Ill be sure to let them know you referred me.

Thanks and let me know if I can help you in any way.

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Originally posted by @James Wise:

@Jake Huber

welcome to the site.

What price points are you working in Cincinnati?

Thanks James,

Right now we typically buy in the $15-$90k and sell anywhere from $80k-$150, really just depends on the deal. Once I get a good GC I can increase the thresholds quickly. Any recommendations on a GC in my area that has done flips?

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I am a current single family home flipper on the east side of Cincinnati. Since I am currently part-time I would like to work with a GC to help increase capacity.

Can keep the GC busy with roughly 4-6 deals per year with no ceiling.

Need GC with track record of quality work, excellent communication skills and highly ethical.

Working toward rentals once the train gets rolling.

Any leads are greatly appreciated!!!

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Hi!

My name is Jake Huber and I am a part time flipper in Cincinnati OH. Im looking forward to networking with all of you. I already have a ton of questions, I look forward to sharing what I know as well.

2 Votes

All Forum Posts by: Jake Huber

Jake Huber has started 3 posts and replied 6 times.

Post: LLP or Separate LLC

Post: New guy from Cincy here

Post: Looking for GC in Cincinnati, Ohio (Flipper)

Post: New guy from Cincy here

Post: Looking for GC in Cincinnati, Ohio (Flipper)

Post: New guy from Cincy here