All Forum Posts by: Frank Hinck

@Victor Hierro

Forming in another state only truly makes sense if you want to apply the LLC laws of that state. This matters more for large businesses - millions of dollars in revenue, thousands of shareholders.

If you were to form your business in another state, you will still likely meet the criteria for doing business in your home state. So, even if you were to form your business in Delaware, Nevada, or Wyoming, you would have to file paperwork in your home state, eliminating any tax or cost savings.

@Kari Morales

REI Nation. Mainstay Property Group. Both very reputable turnkey providers. Buying turnkey you won't get the full real estate investing experience of: deal analysis, equity forcing, etc

@Victoria Hill

Take a year, I know it seems long but trust us real estate and “deals” will still be there albeit anything you’re looking at now won’t. Take a year and 1- listen to a BP Show per day, 2-cut your living expenses as much as you can believe it or not you can find $1,500/month by reducing rent & car & cutting luxury expanses and in a year you will have $18,000 - this will suck but it’s an investment!! 3-Network! On BP forums, meetups, REIAs, coffees, find your local experienced operators/NOT paid gurus and see if you can help them find deals, drive for dollars, analyze deals, line up contractors - it’s your unpaid internship to soak up as much experience as you can handle - - best of luck!!

@Dustin Pringle

Sounds like you’re wholesaling it? Then you need to disclose to the seller. If you’re going to Wholetail it then you need cash at least. Either way don’t offer and tie it up without the means to take it down.

@Simon Obas

12”x24” floor and white subway 3”x6” walls. Bone white grout for both.

@Steven Skarupa

People do BRRRR with the intention to flip but don't want to pay Cap Gains so take a HELOC out, use to buy next property, refinance #2 then pay off #1 after 1's year anniversary

@Ray Hurteau

So out of town crews or “trunk slammers” aka Bringing in guys is not a great idea because they’re usually the worst of the worst who can’t keep a job in a 9-5 Construction company, guys with substance abuse problems, running from child support. The company can steal your money, move on and not complete Punchlist. They’ll want a bunch of money upfront, want you to pay for their weekly hotels and its just not a good idea honestly. Pay a bit more to use a local crew with local references.

@Johnny Hastings

Checkout Dyches Boddiford I believe he has a full course coming up

@Victor Tankard

You could probably wholesale it for $25-$28k

@Tammie Alexander

Doesn't work that way, not recommended to wholesale through MLS