All Forum Posts by: Sunkul Soni

Hi Paul,

sometimes many GC"s belong to local REIA's that may be a good place to check out. im in charlotte myself. Where are you building?

Sunkul

Thanks Amy.  Did you use legalzoom or some sort of online site to get that set up?  

working on a getting a team sorted out.   i guess my use of the term handyman is a bit loose.  Im speaking with an interviewing a number of folks that would be interested in working with me and building that long term relationship.

thanks Scott.  Appreciate the thoughts/perspective

Hey BP community !!

just moved to Charlotte, NC where i grew up.  Always wanted to get into RE here as i love my home city and now that i"ve moved back, i've hit the ground running.  After listening to and reading all about RE investing, i'm getting ready to aquire door #1.  exciting and nervous all at the same time.  My questions for the forum are the following and any comments or insight is appreciated

1- grabbing properties with partners to limit downside and be able to acquire more units.  Any legal formation docs or advice on structuring floating around?

2- setting up the LLC and structuring to limit overall liability. Does anyone have a good attorney that is reasonable and can provide guidance and draft documents for an inexpensive amount. i know you get what you pay for but trying to keep things as lean as possible.

3-how do you move the property and mortgage into the LLC to protect from liabilty

4- lining up with a handyman that rather than paying for his time and service i am offering 1-2%equity.  Am i crazy as most folks i've spoken with have never done this.  thoughts?

thats all i have for now.  excited to be part of the community and if anyone is in Charlotte (south) and wants to meet up, please let me know

Sunkul