Updated almost 9 years ago on . Most recent reply
NEW INVESTOR IN CHARLOTTE NC
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