All Forum Posts by: Aaron B.

As a new investor, I am in no position to provide advice. That said, I will note this thread should be required reading.  I am an avid keyword search "turnkey" reader.  This has been one of the more informative threads especially insightful is the reactions of the Turnkey community.  This is a solid reminder of best practices. 

@ cliff Harrison - thanks for the recommendations regarding the lender and attorney.  I will look into both entities. Glad to hear you are having success with both.  Their solution of placing securities through them looks like a nice bridge. 

@Gordon Cuffe - thanks for the additional datapoint on Arvest. Sounds like a good company to further explore. Let me know if you have other recommendations.  Glad to hear you just finished up a closing. congrats!

@ Keith Anderson - yes, I have heard the same thing regarding lenders not being keen on lending to an LCC. I haven't crossed that hurdle as I am only in the prequalifing stage, but I will be making sure the lender knows, no one likes those types of surprises. 

Regarding the LLC yes it is a bit redundant, however, the cost of establishing an LLC in MO is not like California. My thought is if for some reason I am found negligent - which I really hope I would not make decisions that put me int that position - the LLC will split out the investment properties from personal stuff and the umbrella policy may further protect me, which may ultimately allow me to keep my investment properties.

I open this to other BPers to comment if my logic is off.  You will be educating to curious individuals. 

@ Matthew Kreitzer - thank you for providing the websites. I will review them to better understand what types of attorneys are available in MO. 

@ Laura Williams - thanks for the reply, I will take a look at the MO state website.

@ KeithAnderson - I will be investing using leverage, the typical 20/25 percent down. I am curious about why that question. I am guessing if I am investing all cash I am more exposed, but let me know if I am missing something. 

Are there any BP Kansas City investors who can recommend a good real estate attorney. I would also be curious what makes that attorney good - personnel interaction, expertise with investors, etc. As background, I am an out of State investor looking to invest in KC turnkey properties. I am seeking to establish an LLC in MO for liability protection (separation of person wealth/stuff from real estate investments). I will also carry an umbrella insurance policy. As I am a new I will also consult with the attorney to review contracts and whatever else arises. Any comments would be greatly appreciated

I am originally from Central, Pa., however, I live overseas and am a new investor. I was trying to better understand any other investors turnkey experiences in Dauphin County, Pa.  My due diligence has turned up very little.   Please private message me if discretion is needed.  Thanks in advance for anyone's insights. 

Mark Gallagher,

Thanks for the welcome. You should definetly take your wife to the "Sweetest place on Earth."  Once I get a couple turnkey's I will definetly look to invest in Dauphin County, which makes up the Hershey/Harrisburg area.

@Marco Santarelli,  

regarding my ethnic name, let me ask my uncle Geno and uncle Vinnie.  I could barley hear them over their swishing polyester track suits, but they said our last name is almost as Italian as Marco. ; )  All kidding aside thanks for the welcome message.  

Greetings BP community, I have been lurking about reading and figured it was time to start contributing in some fashion.  I am looking to invest in a turnkey property to get my feet wet and will expand from there.  I am looking at turnkey operators as my job keeps me outside the U.S.  I throughly enjoy reading all the BP blogs, threads, and listening to the podcasts.  For other newbie "lurkers," feeling out the site, in my observations BP is a great community.