All Forum Posts by: Maria Taylor
Maria Taylor has started 13 posts and replied 32 times.
Post: Paying to be on lists for contacts
- New to Real Estate
- Roseville, MI
- Posts 33
- Votes 14
is it worth it to pay to be apart of multiple lists that notify you of foreclosures, divorces, etc?
or subscription based real estate attorneys online like legal shield for looking over documents and contracts?
Post: A few questions before buying our first flip
- New to Real Estate
- Roseville, MI
- Posts 33
- Votes 14
Hello everyone,
My husband and I have been studying up on investing our savings and flipping houses. We plan to start an LLC and buy our 1st property in a few months. We're looking for something in the 40K to 50K range with about 10K worth of repairs. My father-in-law is a contractor and has agreed to work with us. We plan to use a hard money loan to do most of the financing. I just had a few questions about this process.
1. Being a first-time investor, I understand that we would need a lot of money of our own to work with, and we have about 15 k, is this doable?
2. Is a real estate attorney necessary at this early point?
3. We were considering doing assignments and wholesaling properties if we find a good deal that we can't afford to do our own, is that possible under the same "business"?
Any other tips are welcomed, thanks!!