All Forum Posts by: Vee L.

Chris Voss is coming to Houston for a 2-day training on negotiations. I highly recommend it if you are able to attend. Here is the link for more details.
https://www.reballers.com/even...

Chris Voss is coming to Houston, TX for a 2-day training on negotiations. I highly recommend it if you are able to attend. Here is the link for more details.
https://www.reballers.com/even...

@Allyssa McCleery, Chris Voss is coming to Houston for a 2-day training. I highly recommend if you are able to attend. Click on link for more details.

https://www.reballers.com/even...

@Scott Smith, Let's do this by an example. Let's call it My Holding LLC. This LLC owns all the rentals. It currently manages the rentals as well. Let's assume that each Holding LLC only owns 5 properties. So as the portfolio grows, I will form new LLC calling My Holding 2 LLC, then My Holding 3 LLC, etc, so that's the direction in the future. The names of the LLC are to keep things simple. I'm not discussing series LLC here.

Short term rental business typically is a riskier than long term rental. Therefore, I want to form a new LLC called My Vacation Rental LLC. This LLC will not own any property, only manage them.

The cons are it's one more LLC to maintain. And when guest sue for any reasons, they will sue both management LLC and owner (my holding LLC). So I don't know if this gives me the protection that I think it does.

The Pros: branding. And as I am adding more rentals, I can have 1 company to manage them regardless which entity owns the properties.

Can you see anything that I miss? 

I'm in Houston, TX. I have a few Short-term vacation rentals that owned by an LLC. I have been managing them in this existing LLC. I plan on scaling up and adding a few more of these. Should I create a property management entity? To be more specific, I will only manage my properties for the time being, not for others. I will increase the # of properties by leasing or acquiring. Does having a separate property management entity give limits my risk and exposure? I've heard that when guests sue, they will sue the property management and the owner. Thanks!

Hi ladies,

I'd like to invite you to my meetup in Austin, TX. I started this event last year and we have built a great group. It's free, educational, and lots of networking. The intent is to bring a good people together and help each other to be better. Hope to see you there. 

RE Ballers on Tuesday March 12th

David, welcome to Austin. I agree with Kris and Aaron that many investors are willing to forego the cash flow and bet on future appreciation. I have run into situations that I was outbid substantially by other investors (30 to 50k higher) on single family deals. The good news is if you have properties at the right price, you won't have to sit on them for long. 

We run a local networking event on second Tuesday of every month. Lots of experience in the room, many deals, and fun time. Check out the Austin Real Estate Ballers when you have time.

@joel, I agree with you that if you have to pay a coach $50k and if in return you can make $500k from that coaching program, then you have made a well investment.

I really appreciate all the inputs here. I've been investing in single family for 4 years, and its' treating me well and that is due to the ability to align myself with other successful investors. I also have some mentors who've helped me. I totally believe in education. I think unless you are Warren Buffet or Steve Jobs, you could always use some coaching. All great athletics have coaches, but not all coaches are athletics. It's just that I've been to a few courses where they give you a lot of motivational speeches but no real technical content. So I'm doing my homework on which program to invest my time and money in, more so on the time..

So yes to coaching and yes to education, the question is which program provides more technical content and real connections that can help me to grow.

I thought $1495 is a bit high, but they are not negotiating much ;-). Please feel free to share other programs that you feel helpful. Thanks!

Hi all,

I know people that went to Dave Lindahl's trainings and spoke highly of the program. I'm looking to pay $1495 for his 3 day bootcamp. However, Lindahl himself is no longer teaching these classes. Has anyone been to the new bootcamps that are taught by others. What do you think? Was it worth it? Thanks for sharing.