All Forum Posts by: Ethan Perry

@Anish Tolia. Well said!!

@Jim K. Great insights Jim! Thanks for sharing.

@Nathan G. Very well said. Robert Greene has a great quote “eventually, the time that was not spent on learning skills will catch up with you and the fall will be painful.” Those to whom this principle applies need to be allowed to feel the discomfort of their actions. Now obviously we want to help people who are having a hard time, but sweeping government intervention that comes at the expense of those who contribute to the economy is not the way. The incentive structure is out of whack.

@Eric Weldon-Schilling. Your post removes all personal responsibility from people who are supposedly stuck in the renting cycle. America has its issues but it still is America. Pretending that people are so oppressed that they cannot better their situation through hard work and personal responsibility is a very dangerous slippery slope. Who is more greedy? The one who provides a product and service and produces wealth or the one who says “I don’t have and you do. Therefore, you must also pay for me.” Just food for thought.

@Daniel Anshus. My man. Thanks Daniel

@Jim K. I added 40 and 20 and then 8 and 7. So 60 and then 15.

Hello Minnesota investors!  

My partner and I are looking to connect with a twin cities based real estate attorney to help us with business structure and other law based aspects of the business.  Who would you recommend?

Hello all,

My friend, @Austin Kanode and I are starting a rental / flip business in 2021.  I have a couple of questions and would appreciate some insight.

My partner and I will be 50-50 owners of the business and want to have that in writing. Is it wise to work with a real estate attorney who can help us draw up a partnership agreement or is that something that we should do on our own? Also, for a simple partnership like this, will an LLC suffice or is there a different type of business structure that might be worth considering?

I greatly appreciate any feedback!

Thanks

@Dalton Emershaw. Not sure about that particular situation but I have a large RE operator client on the east coast that has converted their hotel portfolio over to multi family per covid so it’s definitely possible.

@Javaughn Harkness. Just some thoughts, not necessarily in order.

1. Make and save as much money as possible. 2. Build better credit. 3. Learn as much about RE as possible. 4. Network, especially with people who could lend to you on no-money down deals. 5. If you don’t already, buy a property as a personal residence. This will let you build equity and can eventually become a rental.

Good luck!