All Forum Posts by: Laura Alamery

The bootcamp will be from 10-5 and the bus tour is usually the day before or after. Depending on auctions and that's all day as well! :)

@Account Closed we have rescheduled the event for November 2nd, including a bus tour! Please e-mail my assistant, Liz, as we have not posted it just yet. Her e-mail is [email protected] and she'd happy to help you with information :)

Have a great day!

Thank you :) we are all okay!

We are from South Florida and due to the hurricane, we have cancelled all events we had planned for this month. If you'd like to message me, I can let you know of the next time we have this event.

Sorry for the inconvenience. 

@Account Closed I apologize, BiggerPockets wouldn't let us cancel the event altogether. We are from South Florida and due to the hurricane, we have cancelled all events we had planned for this month. If you'd like to message me, I can let you know of the next time we have this event.

Sorry for the inconvenience. 

To find out details about this property or to see more properties that we have in South Broward, e-mail us at [email protected]!

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@Paul Bowers

It is all about how it is structured. If you create an LLC, for instance, where you are one of the member-managers, and you purchase property under the LLC, then as an owner you are entitled to distribution per your operating agreement (which outlines the split and distribution.) That is the simplest way to be entitled to be an owner, and participate in the gains without reporting. The funds are directly deposited with the title company or attorney for the purchase, rehab and construction. You do not handle the funds directly.

If you pool the money together, all the investors will contribute a certain amount, which is deposited in a general account and used for real estate projects. That would have to be reported and disclosed. The amount is not earmarked for a specific investment and ownership in a particular piece of real estate becomes a little hazy. 

I personally have done investments, rehabs and new construction (a 23 homes development) using the first option above.

@Amber Braithwaite

Amber, once you have some basic education and understanding on how wholesaling works, the best thing is to go out there and make it happen. You are going to learn more by implementing the process than anything else.

The most important thing is understanding timing of a wholesaling transaction and writing the contract correctly. Make sure the books you read go over contracts and give you samples of contracts. Also since wholesaling implies double closing, timing is very important. 

I love wholesaling. I have done thousands of deals during my 30 years in real estate (in New York state as well) and I know very successful wholesalers, who live in Manhattan and wholesale virtually (nationwide.)

Good luck! It is an exciting strategy. :)

@John Spina jr

Yes, of course you can do a flip even if you don't have much capital. Either use hard money or better yet private lenders (individuals with capital who are looking for better than average ROI - Return on Investment.) Another option is to look for deals where the owner is willing to carry the financing and wait to be cashed out, so you have to really only pay for the materials and labor. Since you own a general contracting company, you can probably do that pretty easily.

As far as leads, look for distressed properties. From driving for dollars, to preforeclosures, tax delinquent, abandoned homes, etc.

@Paul Bowers

Syndication is where you create a pool from different investors and use the funds for real estate projects, from development to rehabs, etc. Since the funds are  in a pool, you have to disclose, fill out forms and register what you are doing to avoid complications with SEC and IRS. Partnerships are much easier and you can achieve pretty much the same results: you raise funds for specific projects and create a legal entity for that project, electing yourself as a member of the partnership so you can benefit from any gains without complicated filings.