All Forum Posts by: Elizabeth Joiner

@Adrian Tilley,
I don't quite understand what you mean by saying creditors can "Pierce the corporate veil". For reasons like being underinsured, not properly maintaining the property etc... I know it sounds self explanatory but I haven't owned real estate yet. I'm still learning what insurance is needed, how to maintain a property, etc.

What about an LLC series in Illinois. Do the Illinois courts treat each individual series as it's own entity? If I own 5 properties in an LLC series, and one of them is in a lawsuit under that master LLC, will it be treated as its own entity?

Wendell,
Thank you for your kind offer. However, I do have a mentor and investors backing me up so I'm well supported. I do appreciate the offer. Thanks for the forum as well, it was helpful.

Wendell, I have not done any deals but I'm going through the strategy for my first. It's going to be a multi unit on the north side of Chicago. Between three and four units. I'm looking at properties under 250k.

Wendell,

Thanks for the post. It definitely gives me a lot to think about.

Thank you for the reply. This is very informatve and helpful.

I have a few questions about investing in Multi-families in Chicago. What are the monthly expenses when owning a multi family in Chicago. I know you have to pay mortgage, taxes, home insurance, and utilites. Im looking for a more detailed listing of the costs. How do you determine cash flow for the property? How do you determine what to rent each unit for? I've heard that Multi families have a different determination for value than single family homes do. I have read that the value of a multi-unit is based on how much it rents for as a whole. Is this true?

Thanks for sharing this with us. Pretty ingenious the way you temporarily fixed the singles with tin foil until later on for a more permanent fix. I can't say that I'd enjoy standing in the rain fixing shingles but I would like knowing my properties are well maintained. Thanks again.

You guys should come out to WCRT. I know Brianna mentioned a fee being involved. But the first event is free. If you want to meet people and network, this would be the perfect place to do it. The people are vetted by Ryan, so you won't have to question if they are legit. He's am accomplished, no B.S, honest and highly successful investor. Who doesn't want to learn and grow from someone like that?

I've been attending for a little over a month and I love it. Don't put so much stock on cost, if you want something good, you have to pay for it. Robert Kyosoki, Donald trump, they charge thousands for thier events. No one can't afford 127. You spend more on your cable bill than that. Just come out to the first event, there's one tomorrow at 7:00. There are no products that are being sold, just quality investment knowledge and investors that are serious about making deals.

I'm a new investor in Chicago and I've been researching investor clubs for the past there years. I've had my share of gurus and I've bought products that weren't worth my time. I posted on B.P. that I was new to investing and shortly after *********** invited me to one of his investing meetings.

Now, I'm really shy around new people and I was so nervous when I went, I made a bee line to the bathroom. I checked, there were no windows for me to sneak out of, so I decided to stay. It was Ryan, and three others that showed up. I think I spoke maybe a handful of words that night. Everyone was very friendly though and no one tried selling me anything. They just talked about real estate and hung out.

I've since been going to WCRT for a little over a month now. I've gone to over a handful of meetings and I've never once heard anyone try to sell a single product or service. It's honest Interesting knowledge on real estate investment. There is a mix of new and seasoned investors that attend. Everyone I've met is very friendly and willing to explain things to you if you ask. I enjoy the people, the knowledge, and the integrity it is operated with.

The only people Ryan won't allow at WCRT, are the ones that are full of ****. The ones that have used other people and screwed them over in a deal. Which of course, no one wants around in the first place. I completely recommend going to this club for new and seasoned investors. It's worth the investment.