All Forum Posts by: Jessie Dillon

ONE SESSION: JUNE 24TH, 6-9PM EASTERN TIME.

If you've been sitting on the sidelines, watching others build wealth through real estate, and knowing your money could be working harder... THIS IS FOR YOU!

In this 3-hour, beginner-friendly workshop, we'll be reviewing everything you need to know in order to start writing offers for your first or next investment property. We'll review the perks and challenges of RE investing, nailing your 'buying criteria,' financing options, analyzing deals, finding your teammates, property management, and SO much more. You will leave this workshop feeling fully equipped to take action, with a bonus resource sheet and continued text/email support. We'll even cover investing strategies that work for those with zero free time, or those who are short on startup capital.

Again, this workshop is suitable for total beginners, and ANYONE can invest in real estate.. It's just a matter of starting.

The workshop will be followed by a 30min Q&A session, and EVERYONE who signs up will get a link to view the recording within 48h, so even if you can't make it LIVE, I encourage you to still sign up & catch the replay afterwards.

"Jessie Dillon is a MA-based beauty salon owner and real estate investor. She began her investing journey in 2021 as a path to early retirement, and has since grown her rental portfolio to 17 residential units under management. While she focuses on traditional long-term rentals, she also has experience with vacation homes, as well as mid-term rentals for traveling professionals. She's invested in MA, NH, and IL, and specializes in value-add multifamily projects, off-market acquisitions, long-distance landlording, and creating opportunity via partnerships. She has been a guest on 10+ real-estate focused Podcast shows including the BiggerPockets Real Estate Rookie show. She's also presented at multiple local meetups this year, and has been featured in two of BiggerPockets' newest books, as well as on their YouTube channel. To learn more and connect: linktr.ee/jessiedillon_"

UPON ENROLLING ON CALENDLY.COM/JESSIEDILLON/WORKSHOP ($29), YOU WILL GET AN EMAIL WITH THE ZOOM LINK FOR THE MEETING. PLEASE SAVE THIS LINK FOR THE DAY OF!

@Stuart Udis & Stuart if it's what you're saying, where each person would be responsible for 100% of the debt, again, how would that play out? That's what we're debating

 They wouldn't just take possession of the property so long as it was worth at least the amount of the debt? @Tina Williams

@Stuart Udis Not saying this is the most effective setup lol, this is the just example we're working with. This doesn't really answer the question though. How would that play out? First of all, I'd think they would just take the property back so long as the value was equal to or greater than the loan amount.. 

Hi all! An interesting question has come up in my circle & wondering if anyone WORKING IN commercial loans can answer this for us: 

Example:

A new LLC is created for a group of people to purchase a property in. Ownership of that LLC is split up amongst each partner's single-member LLCs. New LLC will be buying a property with a commercial loan. The group collectively contributes the down payment, closing costs, reserves, and reno $$ if applicable. Everyone involved personally guarantees the commercial loan. THE QUESTION: Under what circumstances would the personal guarantee be acted on by the lender, and how would that look for each individual if, say, there were 5 partners and each had 20% ownership?

Thanks in advance for any insight! This is obviously doomsday prepping, but it'll be interesting to know!

 messaged you!

 oh small world! & noted. it's hard to really see through a passive investor's lens when you're willing, able, and eager to put in the sweat equity!

 great point about getting an answer from a financial advisor vs. a lender!

 agreed, thank you!

 agreed! thanks for the input!