All Forum Posts by: Vicky S.

thanks @Jon Holdman, 

appreciate your response. 

that helps. however in IL, a LLC creation is upwards of $300. so have to plan it accordingly.

thanks @Jon Holdman. thats helpful. however if the property is locked in a bid within 2 days of submission, wouldn't creation of LLC take a bit longer. Are you saying that i should have an LLC in place prior to bidding?

I was just checking on HUD listings around my neighborhood and saw something that i liked. I did some BP search and understand that you can have a HUD home for as low as 60% of the price. I was more interested in knowing the process involved? is it similar to a conventional real estate transaction?

also can i wholesale a HUD home? how accurate are the reports that are attached along with HUD listings? do i need to have it inspected separately?

i know these are a lot of questions but any guidance is highly appreciated. 

thx. 

@Wendell De GuzmanGreat Post. It actually was just notified to me this morning through an action word that i had saved and i took the liberty of reading it from start. Firstly as a newbie, while it did provide me with good insight - more i got from it was motivation. At the end i am excited to jump and swim the REI waters :)

I also tried the extend score and will send it to you. Let me know what you think. Hope to learn from your posts and maybe in person (I am few miles away from your base of operations :))

@Robert Obniskigreat job. I am still working on determining where should i start with & your blog really inspires me. I would ideally love to get hand on some properties that require little cosmetic changes and flip it quickly - just the way u did. 

I see that MLS is the way you took to review your properties, is that correct?

I am a bit curious though, unfortunately, i am not as handy as you are (your pictures look amazing) - what would your profits be in case you used handyman/ contractor for the job? and also noted that you did not mention about any carrying costs - am guessing because they are insignificant in the larger scheme of things? 

Nevertheless, Congratulations and hope to meet you in one of the local meetups.  

thanks @Andy v

@Brandon Turnerthanks for the link. i will check it out shortly. 

 @James Wise

 I am interested in rental as well as flipping houses.  

Hi,

I am new to BP and to the real-estate investor world. my only (horrible) experience in real estate was to buy my personal house at peak of 2005. Since then it is yet to recover.

I am a newbie and trying to possibly look at making some inroads through limited but focused real estate investments. Any advice/ suggestions where to start? 

PS: some blogs that i read mentioned that it makes things easier if you get your real estate license? is that true? looking for some experienced advice. 

thx,

Vicky