Are You Ready?

ARE YOU READY?

  • Do you have a minimum credit score of 700?
  • Do you have a minimum of $25,000 cash or immediately available credit on hand (for a small project), or $50,000 on hand (for a large project)?
  • Do you have an entity, such as an LLC, corporation, or partnership with which to purchase the property?
  • Have you opened a bank account in the name of the entity?
  • Have you filed for a Taxpayer Identification Number?
  • Considered making tax election to be taxed as a "Sub-S"?
  • If doing business in Chicago, do you have a Real Estate attorney?
  • Have you chosen an insurance agent and purchased insurance?
  • Have you purchased liability insurance?
  • Have you researched possible contractors, and are they available at this time?
  • Do you have the time and energy to devote to the project?
  • Do you have experience in flipping houses, or, are you working with an experienced project manager?
  • Are you readily available to respond quickly to emails, phone calls and texts?
  • HAVE YOU CAREFULLY READ EVERY PAGE OF THIS WEBSITE?


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