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All Forum Posts by: Nick Brown

Nick Brown has started 9 posts and replied 65 times.

Post: Starting a wholesaling business

Nick BrownPosted
  • Real Estate Agent
  • Philadelphia, PA
  • Posts 76
  • Votes 25

Hi @Mark Plesha - did you decide to create an LLC or start without one? Have you done any wholesale deals so far?

Post: Wholesaling Business

Nick BrownPosted
  • Real Estate Agent
  • Philadelphia, PA
  • Posts 76
  • Votes 25

Hi @Jarred Black - how has business been thus far?

Post: Forming LLC and Funding

Nick BrownPosted
  • Real Estate Agent
  • Philadelphia, PA
  • Posts 76
  • Votes 25

Hi all,

I'm about to start purchasing buy and hold properties using private money from family/friends. Is the best route to form an LLC myself and then have them fund the LLC as a private loan? Can I just file the LLC with legalzoom and have my investors write checks to fund the company? Also, let's say they loan me a combined $500k and I plan to purchase a $1M mult-family (5+ unit) how difficult would it be for me to obtain the additional $500k from a bank?

I plan on sitting down with a real estate attorney anyways, and I'm really not concerned with pinching pennies during this process since I want everything to be by the books, but figured I would gauge the forum.

Thanks in advance

Post: Real Estate Agent/Investor

Nick BrownPosted
  • Real Estate Agent
  • Philadelphia, PA
  • Posts 76
  • Votes 25

Hi Rivka,

How can you make sure your agent actually works with real estate investors? Besides just taking his word for it how can I get proof? Thanks for your help!

Post: New to the Broward County/Fort Lauderdale area and to REI

Nick BrownPosted
  • Real Estate Agent
  • Philadelphia, PA
  • Posts 76
  • Votes 25

Hello Everybody,

My name is Nick Brown, I am originally from Medford, NJ and moved down to Fort Lauderdale in July to start a job as a sales associate for a technology company. I am 23 years old and very new to the real estate game. So far I have just been reading books, listening to podcasts, watching webinars, ultimate beginner's guide, etc. 

I am looking to grow my network and learn as much as I can about Buy & Hold real estate investing, while still keeping my day job for the time being. Any help or information is greatly appreciated.

Also, if anyone is looking to meet up or become a mentor, I will try and offer as much value to you as I can (ie paint a room or two, mow you lawns, watch over property while you are out of town, etc.)

Thanks for any replies in advance and I am looking forward to continuing to learn and expand my network!

Nick