All Forum Posts by: Will F.
Will F. has started 175 posts and replied 907 times.
Post: LLC for flipping or Peronist name w more insurance ($800 LLC fee in CA)

- Investor
- Los Angeles County, CA
- Posts 961
- Votes 277
This may seem controversial or “not by the book” for many.
but keep in mind CA has higher taxes and reg fees and I’m not doing more than 1-2 flips (short timeframe flips) a year and many years do 0 flips
Do most flippers put flips into LLC Or in personal name (sole proprietor) in CA (where you must pay $800 yearly plus accounting and other fees $300to $600+ yearly to maintain LLC)
Pros for personal name
-save on taxes accounting. Registration fees $800+ SOI $50 fees California and legal stuff
-keeping it simple
-easier to refinance a SFR if decide to just BRR and cash out refi in my personal name versus trying to get loan in LLC name.
-save $1k+ in taxes and fees yearly
-can use the savings to get more insurance and a higher liability than the value of house.
for flipping houses in California does anyone just put into sole proprietor own name and just use the $1k+ in savings for LLC costs into Insurance or use for saving
or am I just being too risky.
Thanks
I hadn’t done a short term flip in a couple years and getting back into the game here in riverside county.
Post: House flip in Jurupa Valley, California

- Investor
- Los Angeles County, CA
- Posts 961
- Votes 277
When I was doing a house flip in Jurupa Valley, California inland Empire/Riverside and I was looking to do more flips in the inland empire Riverside, and inland Empire areas
Looking for some good contacts or contractors or real estate agents who are Flipper friendly?
advice would be appreciated
Post: 1031 Exchange: QI

- Investor
- Los Angeles County, CA
- Posts 961
- Votes 277
Who had you used before?
Post: For Los Angeles county rental housing. Stranglehold on small landlords

- Investor
- Los Angeles County, CA
- Posts 961
- Votes 277
This effects all landlords so we can speak out against it today
Post: For Los Angeles county rental housing. Stranglehold on small landlords

- Investor
- Los Angeles County, CA
- Posts 961
- Votes 277
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Post: Local handyman. NELA or Los angeles

- Investor
- Los Angeles County, CA
- Posts 961
- Votes 277
Hi I was looking for recommendations for painters, handymen, plumbers who are local to Northeast Los Angeles. Cypress park/ Glassell/ Highland park area? Anyone have some referrals?
Post: Inexpensive honest drain plumber

- Investor
- Los Angeles County, CA
- Posts 961
- Votes 277
Anyone know a plumber in LA who does drains and clean out snaking? Could you recommend someone thanks
Post: San Diego contractors all too busy?

- Investor
- Los Angeles County, CA
- Posts 961
- Votes 277
Quote from @Mark Frattini:
All of the best ones are usually pretty busy however it shouldn't take that long for just a phone call response. I have a list of contractors that I use when the ones at the top are too busy.
Thanks I'd be interested too I have a home I'm trying to rent out and just need a handyman
Post: Recommendations for handyman / contractor for baths, kitchens etc

- Investor
- Los Angeles County, CA
- Posts 961
- Votes 277
Hi I have a couple houses in San Diego that we wanted to get rent ready. I needed some people who do baths, kitchens and paint. Also possibly floors. If anyone has recommendations for handyman etc? Thanks and feel free to PM me too
Post: Occupancy rates down in 30 of the 50 top markets. Where are you?

- Investor
- Los Angeles County, CA
- Posts 961
- Votes 277
I also think Airbnbs will do poorly in the coming years.
But keep in mind the article is citing month to month declines like from April to September... this is in seasonal markets... smh
I have several airbnbs in Los angeles county and most are doing about the same as 2021. But these are low cost STRs that I started in 2018-2019
All that said, I'm hoping there are some deals in the near future...