Originally Posted by
steelerfan
Auction? Yes. Fixing up? As little as possible. We've only done "major" work on one of the 10 we have bought. Flipping? Sort of but we work more on the fringe of the system than flippers. Hell, we have 4 houses right now that we plan to sell to flippers this Spring.
For us, the devil is in the details. We have a Texas Series LLC and a Nevada Series LLC (this allows us to put each property in it's own "cell" so that no lawsuit can touch anything but what is in that "cell" making us pretty goddamn bullet proof). Most of what we buy is still subject to the existing mortgage but between our 2 Series LLCs (and moving the property between them), an Equity Strip that we do, filing Liens etc - we make the property a legal nightmare for the mortgage companies and stick it to them. :)
That's a Cliff's Notes version.
Thank you, for the congrats. :up:
I #TrustTheScript