All Forum Posts by: Stephen Lassiter

Welcome to Bigger Pockets, @Billy Johnson. Sounds like you've done a lot of research already. If you haven't yet, check out the podcasts and jump into the forums with questions. I'm new too, so I can't really be a good mentor. But I'm all about connecting with others in the Tulsa area. Best of luck and stay in touch.

Hi Jason,

Welcome to Bigger Pockets. I'm fairly new to real estate too. Been researching since beginning of last summer. This is a great site to learn. Podcasts and the forums are great.

See around the site!

Thanks for the referral @Bart Ford

I'm searching for a CPA that specializes in real estate in Tulsa. I'm also searching for a good real estate attorney in Tulsa. I've heard a couple people at the REIA say they use David Dryer, but I would like to hear if there are others people are using. I'd like to interview at least three candidates for each role.

I'm pretty new to real estate. Been researching for nearly a year and am needing these team members who can advise me on setting up my real estate business. I'm looking to start with some small multi-family apartments and maybe eventually do some urban infill development.

Welcome to BP @Jeffrey Vandagriff. I'm new to real estate too. My wife loves the idea of living aboard a sailboat and sailing around the world. I had never sailed before meeting her six years ago, but she's taught me a lot and I love it. And that sounds awesome about your walking journey. I'm a big advocate for walking and bicycling in Tulsa. There's no better way to experience the city and your surroundings. 

Absolutely, @Bart Ford. Maybe we can talk about it at the meeting tonight.

I'm planning on going to the meeting tonight. Not necessarily because of this guy, but because I've never been to the monthly meeting yet and I'd like to network and meet some more cool people like @Bart Ford.

Welcome to BP! I'm relatively new here as well. Looking to make something happen within the next year, but I'll need some partners too.

@Brian Burke Clarifying so I'm sure I understand your example. In both of your scenarios above, the 10% preferred annual return is cumulative, meaning if there is not enough profit for distribution in any year to reach 10% annual return, then the balance is carried forward to subsequent years until it is paid, correct?

How common is it to structure a preferred return that's non-cumulative, where the annual return calculation only considers the current year profit available for distribution while ignoring previous year preferred return deficiencies?

@Chris Simmons, who is the attorney you use downtown?