All Forum Posts by: Jon Martin
Jon Martin has started 2 posts and replied 4 times.
Post: HELOC in Texas on Investment Property

- Posts 4
- Votes 0
@Jay Hurst and @Edward Adams could you both reach out to me with info on this? Thanks!
Hi Kim, thanks for the suggestions. I'm in Austin.
Thanks for your input, Eric. Yeah, I'm still working a strategy for that. I would like to set up a system that would have leads coming to me as opposed to having to search for each and every deal. I'm not sure how to go about implementing it though.
Hey everyone,
This is my first post (beside my intro in the intro section) :D I'm getting things ready to start wholesaling and just wanted to make sure I wasn't overlooking anything.
* I've been reading the past posts in the forum
* I'm developing a company name so that I can have business cards and a website ready for my first REI Club meeting. Also, I want to create some type of business structure so that everything is legit and I can take advantage of tax deductions.
* I've created a spreadsheet to help me evaluate whether or not a deal is worthwhile.
* I'm developing my email database to act as a buyer's list/notifier.
Is there anything I'm missing?
I was wondering about two other things though. Does anyone have a Texas-friendly set of wholesaling contracts that they would be willing to let me use? Also, I've heard a little bit about being deemed a "property dealer" by the IRS and it has me nervous. What do I do to avoid that label?
Thanks. I can't wait to get started.
Jon
Hey,
I just wanted to drop a line and introduce myself. My name is Jon and I'm currently living in Austin, TX. I have 1 rental property but am currently looking into wholesaling to help extricate myself from the dayjob :D
Anyway, just wanted to say hi.
Jon