All Forum Posts by: Jaren Woeppel

welcome to the community! 

Thank you everyone for taking the time to share your advice. I am not certain at this point as to handle it, but I am definitely headed in the right direction. 

I know it may be getting ahead of myself to set up liability protection without a large portfolio, but I'm pretty conservative and think setting up entities in the beginning will help me later on. 

Thanks for the Responses.

@Zach Sikes

 Where do you think is the best "pocket" for buy and hold strategy specifically for small multifamily (duplex-quadplex)?

Hey all my OKC BP People,

I just wanted to send a poll out there and try to really define what kind of real estate market OKC is. If you wouldn't mind, just a quick response to what is the best strategy (e.g. buy and hold, flipping, etc.) and why?

Thanks

 Tyler, I appreciate the response. Thanks for the warm welcome and look forward to getting going on BP and in OKC. 

Ron, Thanks for the advice. I will be contacting your wife in the near future to get the ball rolling. 

Theresa, I will look into your suggestion, thank you for your input. I look forward to meeting you when we move to OKC. 

Thanks for the clarification, John. I'll have to look more into it. 

 That makes sense, thank you. Also, if I start out getting the properties on my own, while having sufficient property insurance, will I have issues with the mortgages when I transfer the properties into a separate entity?

Arlan,

I appreciate the response. I don't know what qualifies as loaded with cash, but I can assume I do not qualify. However, I would prefer not to lose my life savings and retirement funds because of one incident...with that being siad, is the thought of everything being taken from me if I don't have a separate entity just a beginners myth?

Hey BP,

Looking for a real estate lawyer in the OKC area. Has anyone worked with a lawyer in the area and would recommend their services? I am looking for a long term relationship with a good amount of real estate investing.

Respectfully,

Jaren Woeppel