All Forum Posts by: Jamel Driver

We bought the property through an LLC which we set up prior to borrowing funds from a hard money lender, rehabbed the property and sold the property to a buyer who was interested in the property after listing it on the market. There was 3 of us on the LLC

Thanks Basit Siddiqi

I'm not an expert on this, but I'm pretty sure paying them by the hour wouldn't benefit you completely if your just starting.

Example: A whole day paying them by the hour and they generated you no leads. You still have to pay them.

However if you start off by paying them per deal, it insures you both get paid. It is also increases their motivation to close a deal, because their payment depends on it.

Just my opinion.

As for w2s in NY it isn't required unless its over 3500 a year but you can check irs.gov for your state. It should tell you when a w2 is required by law to be issued to an employee. (w2, 1099, etc) 

Thank you to all that replied. When I know exactly what ill be focusing on I'll share an update. Thanks.

For anyone that is seasoned in this area, can you please offer up some advice.

What would be the estimated cost on a property that requires a complete gut renovation? (minimum-maximum)

Property: Single Family Home, 3 Bedrooms, 2 Bathrooms

Also any advice on when to take the job and when not to take on the job would be helpful.

Thanks.

I'm looking into investing in run down properties in Newark and Irvington New Jersey. There are many forclosed properties going for 25k, 40k...etc.... is there anyone currently working in these areas that can help me? Looking for agents, investors, contractors etc....

Hi, I am a new investor out of Bergen County New Jersey looking to get started in wholesaling properties & move on to fix & flip. I'm looking to connect with experienced wholesalers & Rehabbers to gain knowledge & skill. I am looking to be an apprentice