All Forum Posts by: June Yang

@Ika Sargeant thanks so much for the info and recommendation, I’ll follow up with the attorneys. Agree with you that it’s most important to get the tenant out, they have used all kinds of tactics in the past few months.

I have a condo in manassas in northern Virginia, the tenant hasn’t been paying the rent for several months. Looking for an eviction lawyer / attorney recommendation. Thanks so much.

@Aj Parikh hi, Aj, I’m looking for an eviction attorney in va, would you share your recommendation? Thanks so much

Im In sIlIcon valley as well, and have Invested bOth locally and out of state. whIle the inItIal prIces are lower wIth out of state unIts, the cost of repaIr, pm, vacancy Is worse for these unIts. over the course of last 10 years, My local Investments wIth much faster apptecIatIon both In rent and value, have fared better. @Matt Ward, would love to connect and see what u are doing with mfr.

@Naveen Desai, will do.  

For folks who pm me, appreciate you reaching out, and will take the conversation offline 

All, i'm looking to buy some investment properties in the bay area and would like to connect with wholesalers.  A bit about what i'm looking for,

• MFR up to $2 million, can close fast if needed
• good cashflow or potential for good cashflow
• located in areas with good walking score, nearing some sort of downtown, urban center

Please reply or PM me, we can connect and take it from there.  Thanks. 

cool, @Troy Fisher @Eric Z. , thanks for the tip, i'll plan to join you guys there.

@Michael Wentzel Thanks for the suggestions, i did get a couple of private messages from a couple of wholesalers after posting.  

any suggestions?

I see lots of postings on wholesellers building out the buyer list, i have the reverse question.  I'm a investor, and looking to invest buy and hold in the bayarea, and looking to get on the buyer list from wholesellers in this area.  Any suggestions?  thanks. 

I have a number of rentals in multiple states.  Currently, all of them are held in my name.  I have landlord insurance on all properties but now i'm trying to set up proper legal entities to protect my assets further.  

I've looked through the forum to see the advices on LLC (single vs. multiple). I'm drawing to the idea of separate holding and operating llc. I came across this article

http://www.bizfilings.com/toolkit/sbg/run-a-busine...

which made this setup very compelling to me.  Excerpts below

• "an operating entity that has possession of the assets, but does not own the assets (unless they are encumbered in favor of the holding entity or owner), and
• a holding entity that actually owns the business's assets.

Using holding and operating companies is an asset protection planning strategy that helps to limit liability in your business structure. As noted earlier, the ideal business structure consists of an operating entity that does not own any vulnerable assets and a holding entity that actually owns the business's assets. With this structure, the small business owner can eliminate (or, at the very least, substantially limit) liability for both business debts and personal debts."

This seems to be easier to maintain and operate than multiple llc, and offers additional protection.  

Anyone has experience with this?  What are the gotchas?