All Forum Posts by: Adam Kroll

Thanks Micki! I will be covered for my own deals through my E&O.

-Adam

I should have specified that this is in the Denver metro area of Colorado.  Thanks!

So, I've gotten my real estate broker's license. I've formed LLCs for my properties in the past, but was wondering if anyone had a suggestion for an attorney who could give me advice as to whether to set up an LLC or S-Corp for my broker's license or if the E&O insurance is sufficient liability coverage.

Suggestions for attorneys?

-Adam

@Dan Mackin , I just moved back out here in August and finally settled in.  I'm focusing on getting my real estate license to reduce my cost to buy and sell, but keeping Arvada in my periphery.  That downtown area is already breaking ground with expansion and looks very interesting to prospect.  Up by you in Erie, it seems that real estate is climbing pretty well.

-Adam

Hey @Dan Mackin ,  I had a wonderful experience in Villa Park in Denver.  The entire area is now popping up with new condo developments.  This is unfortunately my only experience with investing near a new train line, so it is only anecdotal.  I have been looking at the new Arvada train station as a potential next spot for my investing activities.  I'd be interested to hear some of your ideas.

-Adam

The original plan was to develop to hold.  I am not sure that I have the best experience, so working for a developer may be the best way to break into this industry.  I know that Denver is really hot right now and it is tough for someone who is looking to move out there ASAP.

Wow, thank you everyone!  This thread has been so productive.  I have a clear direction as to how to proceed and a much better understanding of the terms and industry.  Thank you again!

Hey Jon,

  Thanks for your response.  At this point, I am looking to learn the ropes.  I've put together some prelim numbers and went to look for capital and my lack of experience was the biggest deterrent.  As a wholesaler, do you work with any large builders (not GCs) in Denver?  I don't know terminology and I'm having trouble finding these companies to find work to gain that experience.

Thanks,

Adam

Background:

I am a buy-and-hold investor and a project manager (unfortunately in product development in a regulated industry).  I am looking to make a career change and I want to move out to Denver, Colorado where I have a few units.  I have looked into purchasing land and building, but when I put together all of the pre-purchase numbers together, I could never find something attractive enough.  Since I know very little about the construction industry, I don't even know where to start.

Bottom Line:

I want to be on the owner side of a construction project in either project management or analysis, but am willing to do anything to learn the industry.  Any help/suggestions/resources to research would be very helpful.  Thanks!

Thanks for the welcomes and thank you @Dmitriy Fomichenko the alerts is a very useful feature.