All Forum Posts by: Kelly Pierce

For any on this thread, I'd love a few referrals to a FP who personally invests in RE as well. While I really like my FP he has zero knowledge of RE investing....he tries to advise me but really it's not helpful. Thanks.

Hey Sean, I too am curious about the formation above and I've seen others suggest a DST instead of the LLC to hold properties. I've only heard of DST's to invest in (where someone else has set it up to buy large investments). Can you talk about that option. Also if I'm a CA investor with properties out of state where do I have to have the LLC? I hate the hassle of an LLC (and cost in CA). Is it the only option for protection? Thx

100% agreed!!!

@David T.

I also never got answers.

@Anthony Wick Even with all that I was still concerned but one of my tenants is not working

Just wanted to put some happy vibes out there I’ve been holding my breath until yesterday to see if my tenants would either message me or not pay rent on time April 1st, buy they all paid rent and I didn’t hear a peep (one even paid on the first and usually he pays in the last day he can to avoid the late payment fee) I feel like celebrating right now!!!

Vetting tenants is 💯 the most important thing and I appreciate it more in times like these. Hopefully others are having some good things with all of this or finding good solutions. 

@Natalia Orosco I’m a realtor and we are encouraged to always use them with buyers because we DO get burned by showing many homes to buyers and then they just go around us or use someone else. We don’t make money until a deal closes. I get it but I also personally don’t feel comfortable sting arming people to work with only me. I do a great job for my clients and respond to them always immediately so they feel well taken care of, I’ve yet to have one NOT use me in the end.

@Blake Jones not in CA we can only charge 1st months and security deposit. On my SF I charge a deposit equivalent to first months.

@Michael Thompson this is exactly how I’ve heard it used many times. I’ve never done it though.

@Cheryl Fung sorry it took me awhile to find this msg, in the phone app it won’t take you to the message, you have to scroll and this is a big thread. Sure, let’s chat. Connect with me and Msg me here the we can exchange contact info.