All Forum Posts by: Roland Craeye

@Jon Holdman and @Jerry W. Thank you both for responding. I'm registering in CA because the company I'm under contract with has requested me to so. My company name was already taken so I chose a DBA. Waiting on response from Sec. of state.

Hello, I've got a legal question, it may be a bit off-topic but maybe someone has an answer to this. I have a Wyoming LLC, need to register it in CA. Secretary of state website tells me to file Form LLC 5. One of the steps is to check beforehand if the business name is taken. Of course it already exists in CA.

Now what? I just paid good money to keep my LLC in good standing in WY. I'm searching for a way through/around this. It's a bit urgent since I entered an important contract in CA and can't receive a bank deposit before I get this solved. Any recommendations?

Hi @Carol Zeroual, 

I'm not looking to get into a flip at this time. Just want to do transactional stuff to get some capital together while the market tanks in the next year or so. Then as prices drop I'll buy with both hands. Besides, it's basically the last single family house on that street. My buyer will put an apartment building down.

@Ken Wilkinson are you saying that there is no set % for finders fee or bird dog? So it's up for negotiations?

@Cody Evans I was thinking 1% would be good. So if the current owners bought it for 1.3 M in August and haven't done anything with it yet, hopefully they are willing to sell it and break even. Although in this market that's unlikely. I guess it all depends on why it's been sitting around vacant for 5 months. I know I can get a buyer with 1.4 M and may have others who could take it down for more. So I may get 15 K out of it, which I would try to use for a down on an FHA loan to househack a class C 4 plex for myself.

Hello, 

I am recently getting more active on BP, have been consuming the podcast every time I get on the road. I live in Los Angeles and I'm looking for a way to get started in 2018. I want to househack a 4-plex and I'm looking for deals to present to potential partners. I'm also trying to learn the wholesale game. In the meantime I have my eyes open for distressed properties. I have a contact who is a residential and commercial builder. He's always looking for land. Yesterday, I found a vacant home on a 6000 sqft lot between two multifamily buildings. I found out it was bought about 4 months ago and it's still vacant. Maybe a developer waiting on permits. I'm planning on calling the LLC who now owns it to find out more. If they by chance are willing to sell to my contact, what's an appropriate finders fee my contact would give me? The lot sold in August for 1.3 M.

Shawn, that flip is a home-run! 

Awesome job and great view from the hills.  Can't wait to see what you guys do next.