All Forum Posts by: Quincy Ford

Hi all, I am new to the real estate game and BP family but wanted to use this as a resource for learning. My question is how do you determine the estimated cost of repairs when buying a BRRRR? I am interested in multi family properties in the Tampa/Clearwater area in Fl and need some insight as to calculating repair costs when analyzing a deal. Also, are there certain repair expenses that I should flat out stay away from??

@Tony Robinson incredible story man, much respect. In terms of the financing, did you have a pretty high credit score to be able to get that kind of funding deal?

@Stacey Vilardi I am not sure.

@Hamid Sedaghat great to know! I will definitely look online on how to set one up! Thank you for your insightful input. I’m new to all this, so I apologize for asking a lot of questions.

@Jonathan R McLaughlin thank you so much for your input. So if I were to do hard money loan on a fixer upper I would then most likely need an LLC set up?

Thank you so much for your input @jaysen Medhurst I will do just that.

Hi all, I am brand new to the real estate game and to the bigger pockets family, but hungry and eager to learn as much as possible. Currently located in Florida, I am looking to get going by finding my first rental unit either single family or multi family. For my first deal, is it smart to set up a LLC right away? Or is this only useful when I have a bigger portfolio and more at stake? Also, if I were to go into a partnership with someone when going into my deal (me and a friend both split the downpayment costs), does it change the answer of getting a LLC on my first deal?