All Forum Posts by: Robert Fabian

Hello everyone on this wonderful website. I was excited to begin my REI career before discovering this site. Now? I just can not wait!

My name is Robert Fabian and I am a teacher / contractor from New York. I have been been involved in remodeling homes since the age of 17. However, I have been swinging a hammer for much longer. I built my first tree house by myself at the age of 7. I would wake up early and be nailing away by 8 am. I always enjoyed and excelled at working with my hands. When I finally got the opportunity to learn the trade, I was a sponge! I found just about all aspects of home renovation easy to understand and to do. Carpentry is my specialty though.

After high school, I had no choice but to go to college. It wasn't an option. I wasn't aware at the time that there were majors in college that pertained to construction or real estate development. Thinking back now, I would have also liked to be an architect. Somehow, I wound up a history / education major.

My entire college career, I would work 7 - 5 fixing up homes. Then I would get changed in my car, wash up in bathroom at school, and sit in class until 10:30. At 22 years of age, I got a job teaching high school social studies. Shortly after, my cousin and I (also a teacher / carpenter), started our own renovation business.

I pretty much work my tail off. Leave to teach at 6:15 am and get home around 9 pm. Although I love both jobs, one makes sense and one makes me happy and fulfilled. In a school of 200 teachers, I am among the top. But I'm an even better renovator.

Now is my chance to finally start working for myself and to make some serious money. I am motivated beyond belief and know that I can over time turn $50k into a million. My brother, cousin and I are in the process of setting up an LLC to begin our venture. We plan on flipping a few smaller houses first to get our feet wet. In the process pick up a few rentals and then flip a few bigger houses. Our goal is to create many facets to our company. This includes property management. My brother works in finance, so he will mainly be the money guy. I will pretty much do all of the leg work and decision making. My cousin and I will do most of the renovations.

My goal is greatness and happiness. I can not wait to see where this journey takes me. I look forward to meeting some really inspirational and resourceful people here.

For those of you who asked, my cousin has been my business partner in a remodeling company for 10 years now. We work very well together and are very productive. That's another possible dilemma however. I already see the potential for conflict with a flip and I don't want it to ruin my already successful business.

I do like your suggestion Will. It makes a lot of sense for all involved.

I have been looking at many of your websites and its getting me excited to jump in the game!

Thanks for the responses. As Will mentioned as an option, I originally thought that thirds would be the way to go. Getting off to a good and fair start is important to me. I just want to make sure that this deal is fair for everyone.

I will be doing most, if not all of the leg work. That includes finding the property, making renovation decisions, doing the renovation and listing the property.

We are looking to create something with longevity. I have started the process of setting up an LLC. We plan on flipping a few first and then maybe holding on to a few as rentals, as I am already a landlord with plenty of experience.

Another issue that we have however, is that once the LLC begins to operate with "house money," there may be no need for my brother as an investor. What then?

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