All Forum Posts by: Jay J.

Eric DeVito Connecticut

Thanks for the recommendation. I will reach out tomorrow. 

Hi guys,

Decided to post it here since there is very little traffic in connecticut/new haven forum. 

I am looking for a recommendation for a local new haven attorney who are specialized in tenant / landlord laws and the goal is to engage his service to draft a customized residential lease agreement for me. (after some poking around, decided not to use the generic one from Hartford realtor association)

Please kindly PM me if you have anyone in mind.

Many thanks in advance!

Thanks Frank. It seems to me now this includes two parts: generally the structure and HoldCo OpEx languages and locally PropCo language and lease agreement review. Will pm you my email and we can go from there. Thanks again 

Hi BiggerPockets community,

I am looking for recommendations for an experience attorney to help me 

1. review/amend operating agreement for my on3 HoldCo (two-member LLC)

2. review/amend operating agreement for my one PropCo (single member LLC)

3. my rental agreement template (with addendum)

The objective is to have good asset protection from outside (lawsuits towards LLC, not affecting individual member) and from inside (individual member's creditor or lawsuits won't impact LLC). Also the rental agreement is just to set up first line of defense to minimize probability of being sued in the first place.

Could you please PM me if you know someone who is good at this?

Many thanks!

Jay

Congratulations !!!

No one can time the market. But the best practices are always 1. Don't over extend yourself. (Don't leverage to the neck) 2. Always have liquidity available, not just credit line but hard cash, at least 10% of your equity in all investments 3. Follow acquisition disciplines but never stop investing ( that means in expensive times, if you follow acquisition disciplines, you will buy less or none at all) 4. (Some folks will disagree with this) don't underwrite growth. Assuming you exit at the same basis of your going in, see if the deal still works With these you should be able to achieve safety and prosperity (but guess what, many people violate these rules, one who did not violate is Warren Buffett)

I would love to attend if there is one!

Derek Hemerick I think a lot of people equated "having good reputation" to "always pay asking price" or "never offer low to MLS" . I think quite the contrary, if someone offered a high price but did not close or try to look for reductions through inspection, that hurts way more reputation than someone sent in a low offer. As long as you send in an educated offer I.e the offer backed by analysis, not just a random number, you are most likely to be seen as shrewd buyer, smart buyer by the agents . Many times the profits are made at closing, not selling later:)

call her bluff. 

let her sue. then you react with your records of receipts, and other correspondence. 

After all this is over, fire the property management company.

meanwhile, don't worry.