All Forum Posts by: Daniel Smilansky

@Ami Shah - Welcome, like many others here, I am also from Los Angeles (Silver Lake) looking to invest out of state, specifically in Dallas as well. 

Hi @Karri Lewis , welcome to BP! I am located in West LA as well.

Welcome @Cory Campbell ! I am located in Los Angeles and am also a newer investor targeting out of state buy and hold rentals. 

Its nice to see others from So Cal on here. The podcasts are definitely instrumental as are the blog posts. Other than that, I would say to stay active on the forums and network as much as possible.

@Jeffrey Bradbury - I don't think that they have to be under an LLC. More importantly, I would obtain the liability insurance I mentioned as a good attorney could pierce the corporate veil regardless.

@Jeffrey Bradbury - While I am no expert, I recommend purchasing at least $1,000,000 of liability insurance as well to protect yourself against law suits. Are you putting your properties under an LLC or your own name?

@Jeremy Walker - Depending on what your goals are, and given the open-ended nature of your question, I would put the 20k towards a down payment on a property in the 80k - 100k range, which I would rent out for decent cash-flow returns.

Hi Natalie Olivo - Welcome to BP! Myself being new to real estate investing, I have learned a ton from this wonderful community. Definitely read the BP new investors's guide; it will teach you the basics to get you started. Also, stay active on the forums and network with other investors. I would say networking has taught me more than anything else.

@Account Closed - Commercial loans permit LLCs from what I understand, but conventional mortgage loans do not permit them.

Thanks @Jon Holdman , @Robert Blake and @Account Closed

@Matthew Gallo Welcome to BP! I located in Los Angeles am doing extensive research into Milwaukee for out of state rentals. I am open to partnering up depending on what your goals and resources. I will PM you to discuss further.