All Forum Posts by: Shaun J.
Shaun J. has started 11 posts and replied 130 times.
Post: Naming a LLC before buying properties

- Long Island NY
- Posts 133
- Votes 104
To add, Most Partnerships go sideways at some point. I'd incorporate on your own.
Post: Naming a LLC before buying properties

- Long Island NY
- Posts 133
- Votes 104
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
Post: Endicott, NY Feedback

- Long Island NY
- Posts 133
- Votes 104
Can anyone give me feedback on Endicott NY for buy and holds or fix and flips.
Thanks!
Post: Valuating Empty Lots

- Long Island NY
- Posts 133
- Votes 104
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.
Post: Thoughts on flipping raw land?

- Long Island NY
- Posts 133
- Votes 104
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?
Post: Change I the locks on tenant who moved out owing rent?

- Long Island NY
- Posts 133
- Votes 104
You can't tell if they will be back. Try and shoot them a text or something so you can get proof.
Post: Change I the locks on tenant who moved out owing rent?

- Long Island NY
- Posts 133
- Votes 104
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.
Post: Valuating Empty Lots

- Long Island NY
- Posts 133
- Votes 104
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
Post: Hard money loans? Do I have to pay a down payment ?

- Long Island NY
- Posts 133
- Votes 104
Originally posted by @Juan Alberto Perez - Flores:
amazing topic here , i lost at property that i have under contract the other day cause i dittin have at gap funding or private money , was about 66k on profit to be make ; now i am also looking to attend to meet up to build network and meet people in that area so this don t happen again , was my very first deal and first offer i decide i am very good with number i can spot good deal in 10 minutes
could you have wholesaled it and did a double close?
Post: First steps to flipping houses.

- Long Island NY
- Posts 133
- Votes 104
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.