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All Forum Posts by: Sheri Collins

Sheri Collins has started 1 posts and replied 9 times.

Post: New member from Tennessee

Sheri CollinsPosted
  • Real Estate Agent
  • Baltimore, MD
  • Posts 11
  • Votes 5

Hi Keith - welcome to BP!  This is a good place to rub elbows with folks at all stages of the game.  Feel free to colleague request me and I'll be happy to share what I've learned that works!  Best of luck and welcome to the investing game!

Sheri

Post: New investor in Rocklin, CA

Sheri CollinsPosted
  • Real Estate Agent
  • Baltimore, MD
  • Posts 11
  • Votes 5

Welcome to BP, Sarah - it's a great way to network with people who are currently investing and those who are in the same position!  Feel free to colleague request me and I'll share what I know...  Happy investing!


Sheri

Post: Use my LLC Florida company in all USA?

Sheri CollinsPosted
  • Real Estate Agent
  • Baltimore, MD
  • Posts 11
  • Votes 5

In doing research of my own, I've also learned that it appears that a company - for buy and hold, (an LLC is best) - to establish a separate LLC entity for EACH PROPERTY HELD. The logic behind it is that if ever sued, the maximum the company can be sued for is the individual property value, MINUS the mortgage. If you have multiple properties held by the same LLC, it's my understanding that your company could be sued up to the combined value of ALL properties held, minus their mortgages.

If anyone out there can confirm this, please do - it's pretty important for people getting into renting to know!

Hey Rob!  Long time, no see!  How's the Columbia job going?  So, as you can see, I got into the investing game as we were talking about!  Get in touch - I have some great info for you!  Hope all's well!  Hope to talk soon - Sheri

Post: Investment Specialist in Baltimore City, MD

Sheri CollinsPosted
  • Real Estate Agent
  • Baltimore, MD
  • Posts 11
  • Votes 5

Yes, it truly is!  Thank you!

Post: Investment Specialist in Baltimore City, MD

Sheri CollinsPosted
  • Real Estate Agent
  • Baltimore, MD
  • Posts 11
  • Votes 5

Welcome, Leonidas - if I hear of anyone in need of your services, I'll definitely pass your information along.  Best of luck!

Post: Investment Specialist in Baltimore City, MD

Sheri CollinsPosted
  • Real Estate Agent
  • Baltimore, MD
  • Posts 11
  • Votes 5

Thank you, Scott.  I'm truly saddened you feel that way because I've been feeling nothing but hope while driving through the city and witnessing all the positive changes!  Real things are happening here - and they're good things.  I wish fewer people would trust the media hype as gospel - after all they're after the ratings - and actually come and experience Baltimore themselves.  Yes, last year's riots were upsetting, but they were pretty much limited to a 4-block radius that barely touched the rest of the city!  The way the news portrayed it, you'd think every block was on fire!  I was here, went through the curfew and all, and saw a few windows broken outside 'riot central,' but other than that, it was the usual, charming, warm city that I've grown to love.

This is a unique city - the further from the harbor you go, the newer the architecture and it's sometimes block-to-block!  Fells Point, Canton and Federal Hill, all being close to the harbor, are older 'closer' neighborhoods with 10-foot wide rowhomes and narrow streets and alleys, but so much charm.  Drive out a mile and you'll find the big, boasting brownstones, spires and wrought iron, gargoyles and the glorious marble and brass vestibules of Mount Vernon.  From one mile to the next, the changes in the styles are dramatic and the amount of green space multiplies.

With all the new developments - Under Armour and Morgan Stanley moving their corporate headquarters here; Port Covington Revitalization project; Sparrows Point Port project; and the multitude of city park beautifications, it's easy to see a new, shiny Baltimore not far off in the future and I, for one, am happy to be here to see it.

Post: Investment Specialist in Baltimore City, MD

Sheri CollinsPosted
  • Real Estate Agent
  • Baltimore, MD
  • Posts 11
  • Votes 5

Thank you, Michael - happy to be here!

Post: Investment Specialist in Baltimore City, MD

Sheri CollinsPosted
  • Real Estate Agent
  • Baltimore, MD
  • Posts 11
  • Votes 5

Don't know if you all have been following what's happening in our fair city, but neighborhoods are beginning to change - for the better - right before our very eyes! The city revitalization program efforts are starting to show and some of the old boarded-up homes are getting facelifts!  Investors like us are also doing their part by going into some of those neighborhoods and helping to turn them around.  There are just so many architectural wonders in this beautiful city - I'm happy to be working in a field where I actually get to see them change for the better - and contribute to it!