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23: [Foundation] When To Set Up A Company For Flipping w/Marco Romero

23: [Foundation] When To Set Up A Company For Flipping w/Marco Romero

FromFlipping Junkie Podcast with Danny Johnson


23: [Foundation] When To Set Up A Company For Flipping w/Marco Romero

FromFlipping Junkie Podcast with Danny Johnson

ratings:
Length:
49 minutes
Released:
Feb 29, 2016
Format:
Podcast episode

Description

Marco has been interested in real estate since reading Rich Dad Poor Dad at an early age. After laying out a success strategy, he began to acquire the skills he would need in order to build a career as an investor. He gained valuable people skills by working in sales and the restaurant field. The experience he gained by working with a wide spectrum of individuals was critical to his success with investment properties.
Since obtaining his real estate license over seven years ago, he has worked for several investment companies in San Antonio and now successfully runs his own business independently.
He has spent time in all realms of residential real estate, from standard single family homes to small multi-family properties. Taking what he has learned in other fields, Marco has followed the philosophy that a transaction is never about the property, but the people.
In this episode Marco walks us through his start in real estate investing.  He walks us through his reasons and how he setup his companies for asset and liability protection.
So many new investors use the question of which entity to set up to stay in their comfort zone and not take action.  Marco advises against that and recommends you take action and then setup your company. 
Obviously, if you have a lot of assets to protect you might want to set up the entity first.  Otherwise, you should just get out there and make it happen and worry about it later.
Released:
Feb 29, 2016
Format:
Podcast episode

Titles in the series (100)

Flipping Junkie is a podcast for people addicted to flipping houses and real estate investing. Danny and Melissa Johnson started flipping houses over 15 years ago and have chronicled their journey to help house flippers both new and experienced. Subscribe for weekly episodes featuring interviews with people just getting started as well as big name investors like Brandon Turner of Bigger Pockets and Justin Williams from House Flipping HQ. The podcast covers a range of topics like what is working today to find great deals for flipping, how to properly analyze deals for flipping, renting and owner financing, determining repair costs, finding contractors and managing rehab crews, what improvements to make and how to quickly sell your houses for big profits and so much more. Don’t worry, we won’t leave out the serious mistakes that you need to avoid when get starting and growing your real estate investing business. Join Danny Johnson to get the inside scoop on how to get started and how to stay successful to create true financial freedom for yourself and your family.