All Forum Posts by: Account Closed

Thanks Jonathan, I appreciate your input.  Anyone else there with a comment?

When building a Real Estate Portfolio, should there be a separate entity for each property?

Should the finances of the property by handled through that entity or a different one. I was told the property holding entity should hold no money. Can a different LLC from the LLC that owns the property handle its finances?

If you set up an entity for the business and one for each property, should they be connected legally in any way, or kept separate for asset protection?

What are the advantages and disadvantages of buying CRE off-market?

Join LinkedIn (free and no need to upgrade)

Join some LinkedIn groupsthat relate to your business: Real estate Investors, Private Money, Bank Direct, etc.

Ask each group for daily or weekly emails of their latest posts.

When emails come in look at the posts, but more importantly look at those who responded to the posts. Look for people looking people who might buy what you have for sale.

When you find someone that is interested in what you are selling, get their contact information. (Three possible ways to do this: they may have put it in the post, there may be a ‘contact info’ on the right, under their photo, on their profile page,or you can reply to the post asking for their contact info.If you have not upgraded and are using LinkedIn free, you won’t be able to say much, so keep it brief.

Contact them asking what they are buying or selling.Ask how you can work together.

Build a relationship with those that look promising.

You can get many buyers this way.

The catch is finding out if they are principle buyers, buyer’s agents, buyer’s reps or just somewhere down the chain from the guy that is actually buying.Stay away from long chains.Accept principle buyers, their direct agents and direct reps, but don’t bother with any that are more than one step away from direct to buyer.