All Forum Posts by: Shaun J.

To add, Most Partnerships go sideways at some point. I'd incorporate on your own. 

I picked mine on Initials. Registered a C corp with S corp tax status. It's generic in nature as its my Initials and Properties, Inc 

Can anyone give me feedback on Endicott NY for buy and holds or fix and flips.

Thanks! 

Thank you @Jennifer Beadles that at least gives me something to work off of. I have a few builder friends, so my hope is to flip them these lots that had houses on them at one point. 

Are you guys buying and holding the land outright then re-listing it? 

I have a few places here that had houses torn down that were on them. I have skip traced the owners, and will be sending letters this week. 

How are you guys valuing these properties? 

You can't tell if they will be back. Try and shoot them a text or something so you can get proof. 

Can you prove that they moved out? Anything is writing or email / text from them? Unless you have something like that, no. Technically you can not. Your best bet is to call the local PD and have them come out, verify with a walk through that the tenant left, and get a police report to verify that for your records. 

How do you guys/gals valuate empty plots? I Have found about 4-5 empty plots around my town that used to have houses on them, but since have been knocked down, so I know they are buildable. 

Do I just go off the assessed value on the tax bill or? 

Thank You

could you have wholesaled it and did a double close? 

Do the numbers. ARV, etc. I have a spreadsheet calculator I programmed myself on the 70% rule, detailed to my area on rehab costs etc.