All Forum Posts by: Kurt Brauner

@Michael Leahy Sent you a DM

I would first say that this is a question for your CPA. But I can tell you what I have setup in the past for in the example that you provided. When I was a small team lead we were structured as a LLC (pass though enitity) with 2 part time and 1 Full time employees (ISA and marketing staff) and 3 agents working as 1099 contractors. As we grew, (15 employees) I considered restructuring to a C Corp but on the advice of my CPA and tax strategist we folded the LLC into a Sub Chapter S - LLC to avoid double taxation.

I always hesitate to make complaints in my market although I do appreciate the feedback, positive or negative, about my agents. I have found that the times that I have made complaints (mostly about lender/title companies) the fall out/drama is not worth the aggravation. I always tend makes sure that my clients are aware of the previous issues I have had with these companies and let them decide. 

I have in the past wholesaled deals as a licensee, although I now purchase all deals and either flip them or wholetail the properties. From the legal stand point, we use a disclosure signed by the home owner that we are purchasing directly from that states that we are purchasing the property as an investment and our intent is to make a profit on the property. In the last 3 years our attorneies has expanded the disclosure to include the market price of the property (what we would be able to list and sell the property on MLS in its current condition) and also what the property would cost if it were fully rehabbed.

@Walter Antonio Summerlin is definitely a highly desirable area and hot rental and sales market.

Another area to consider would be Henderson. With some of the top schools in Clark County, this is another extremely hot rental market in high demand.

Our MLS in Las Vegas has search criteria for "foreclosure" and "short sale" functions. Does you MLS not have these search criteria? If not, maybe recommend to you associations MLS committee to add these fields.

Two that come to mind are  LM Construction or Preferred Construction.

Currently properties at the Waldorf Astoria in Vegas are selling at $900-1200 per sqft with a HOA fees that start at $1500/month and go up from there depending on sq. footage. If you compare the pricer per sq ft to other projects in the valley it is substantially higher. Also, the HOA fees are almost double a comparable unit it Veer tower. I think when you are buying in the WA the level of service and amenities are extraordinary, but my my personal opinion is the it quite inflated due to brand recognition.

We use a company called ScreenMobile. They are very quick and reasonably priced. 

On the condo purchase, are you accounting for the Association fees inside of the debt service?