All Forum Posts by: Christopher Eckerdt

@Account Closed I'm afraid I don't know much about them aside from roofstock.com.

Quite frankly, just something that cash flows. I wouldn't be able to buy commercial (on my own at least) because it's too high for me. And I was and am looking for just a house, but since I have a HELOC as my capital I find that 100% financing destroys all profits on any potential houses. I'm currently looking at buying a fix and hold, but any numbers on those seems to be priced way too high as well; perhaps I need a better avenue to find places besides the MLS.

What are you doing that's working for you?  Is it that you have a lot of cash to put down?

Hello Everyone!

I just started this summer and I love the idea of real estate. I immediately got a team together, a target market, and took out a HELOC on my house ($100,000) in order to hit the ground running. However, I've hit a snag, and I'm not sure where to go. I live in CO so investing in the Denver metro area is a no-go due to how expensive everything is here. I have many questions for seasoned vets such as, how do I even break in to this industry? I'm still looking for my first investment property, and even though my credit is very good, the deals have been tough to come by. Any help or advice is greatly appreciated!

Hey there!  I've heard of it and I've called them and asked them about it, and I don't like it.  It's set up like you're buying stocks, not investing in property.  Now, I haven't ACTUALLY invested in it, and I am new to real estate, but I think that roofstock.com might be a bit better... maybe.

Read "Start Your Own Corporation" by Garrett Sutton, ESQ. In it he states... paraphrasing here: No judge has EVER made a ruling on a series LLC where it is recognized as separate legal entities. It's all treated as 1 LLC. If someone sues your series LLC, they will get all the "llc's" under it. DON'T DO IT! and don't believe people who tell you otherwise! This is coming from common law, where the past is heavily leaned upon, and series LLCs are not in the past, their so new that judges don't have a basis for upholding their protection for you. There's more safety in structure, don't be lazy about it.