All Forum Posts by: Sydni Chattman

@Sydni Chattman what type of meet up are you looking for? property managers? real estate investors as in flippers buy and holds...bigger pockets type people? or more like commercial real estate brokers?

@Sydni Chattman I'm guessing the person that said that had this experience but it doesn't mean it's true across the board. I've also heard others say they can't go past 10 properties in a LLC. In the end, while you might have to change your strategies of acquiring properties, such as using different banks, buying some with cash, etc...you can put as many properties as you want and are able into the LLC.

It's all about your abilities, your risk management, and your preferences.

Creating an LLC is also your preference. Just weigh your options. You can own your properties in your own name and be just fine. The key is to do everything legally and run your business properly and have good insurance. Some people for some reason want to try to hide their identity to others and think a LLC can do that. If you have a LLC, and it's run properly and you're not mixing your personal money with your LLC's money, it separates your personal assets from what your LLC owns. So if someone sues your LLC, and they win, they could essentially only go after the LLC's assets. They shouldn't be able to go after your personal home, for instance.

But you'll be running everything properly and legally--LLC or no LLC--so no one should be able to win a lawsuit against you for the most part. ;-)

call up legal zoom and they'll set you up with an LLC, but you don't need one until you get that 5th investment property. until then just get homeowners insurance

@Sydni Chattman hope I'm not too late to welcome you.

We're glad to have you on board.

@Sydni Chattman

Welcome to Bigger Pockets. BP is full of resources. You will find resources here from blogs to pod casts and forums. You can also send messages to members. This is one of my favorite features of Bigger Pockets especially for asking specific questions.

@Sydni Chattman Welcome to the BiggerPocket community. My partner and I just started  a wholesaling business in the Sacramento area. We are always looking for good deal for flippers ans buy and hold investors. We are always looking to network and learn. 

Hi Sydni,

I am in San Diego, and though I am new to REI personally, in my insurance business, I do a lot of work with Property Managers and Real Estate investors. Two things you might want to look into as a way to get around like minded individuals is the SDCAA (San Diego Apartment Association) and REIE (Real Estate Investors and Exchangers) through the SDAR. both would be a great way to get further familiar with opportunities...etc.

If you have any interest feel free to write me a message.  

Best,

Parker

Hi Sydni!

 Welcome to BP. Wanted to reach out as these are two markets I'm looking at as well. I live in Sacramento but have family in San Diego and would love to end up down there later in life.  I'd love to hear your plans for either city. Maybe we can share ideas as were both interested in the same cities but live in different ones  

 To all your success, 

Richard