Sacramento Real Estate Attorney Suggestions?

[Ali Samee]

Hello Everyone, trust this note finds you in good spirits and closing out a healthy happy 2017. 

Can anyone suggest a good RE attorney in Sacramento who can help w/ the following and navigate these questions cost effectively as it's just a few owners on a ~500k property (hence high legal costs hard to justify vs. turnkey solution a la LegalZoom? )

• LLC formation for single property best way to protect personal assets of individual owners?
• Cali vs Nevada/out-of-state LLC (read that if LLC's primary business is in California w/ which a property fairly obvious it is) then must hold in Cali LLC?
• Drafting an Operating Agreement between equity holders to address the big future questions/forks in the road
• Method to Holding Title (Joint Tenancy vs. Tenant-in-Common) vis a vis issues like Right of Survivorship and our differing equity shares of individual owners

Any other thoughts/suggestions are greatly appreciated!

Thanks in advance and enjoy your Holidays/New Year!

Kind Regards,

Ali

[William Wong]

Hey Ali, you'll have to verify this info as I'm not an experienced investor but I don't believe you need an LLC in the same state as your property.

A while back I listened to Michael Blanks Apartment podcast #53 regarding asset protection and wrote down the following notes:

"Recommend using a Delaware, Wyoming, or Nevada LLC (they do not disclose who owns the LLC)

Delaware has the most experience in litigation b/c most of the major companies have delaware llcs, wyoming has been around the longest and has the most extensive history."

Goodluck!