All Forum Posts by: Junior Soares

Originally posted by @Kimela Overstreet:

@Junior Picanco..great idea to separate accounts and hold each property in LLC.

Yes ma'am, plus insurance! 

Originally posted by @Account Closed:

@Junior Picanco great markets to invest in. Very smart. Great news and congratulations!

Thank you Tyler, I very much appreciate it. PM me I actually would love to pick your brain about ATL. 

Best, 

Junior 

Originally posted by @Kurt Snyder:

@junior picanco Congratulations. That is exactly what I'm looking to do as well. Thanks for your encouragement and good luck on your future endeavors.

Thank you brother, likewise! Best of luck with all of your future investments! 

Originally posted by @Victor G.:

Congrats @Junior Picano! It's awesome to hear other contractors getting a piece of the action. It's definitely inspiring to hear you taking the leap out of state to more reasonably priced props. I'm in California myself where it's super difficult to find the "right" deal. ...but I still keep chucking along. 

 
Thank you brother, I appreciate it. Yea it's tough. I damn near sold my soul just to be able to come up with the down payment for my primary residence which is 2 hour commute to my place of business. lol. Good old Bay area

Originally posted by @Lauren Dwyer:

@Junior Picanco this is an awesome post! Congrats! My husband and I are starting out as well and have big dreams. I’m curious about your LLC structure. Can I PM you?

   Absolutely, please do! 

I 100% agree with @Eddie Werner , but with the competitiveness in today's market, chances are  you will not get a better return then paying off your bad debt first. 

It's also a good idea to consider securing at least 3 months of emergency funds to hold you down if S*** hits the fan. (Because it will and life happens) This is just my personal opinion of course, everyone has their own risk tolerance. 

For me, it took me 5 years to get started. I wanted to kill all of my debt and create a 3-6 month emergency fund before I got started in any kind of investing. When those goals were met, I jumped into the rental business as another investment vehicle for my future. 

This is all my personal opinion of course as everyone is different and has their own risk tolerance. 

Best of luck to you and your future endeavors! 

Junior 

Originally posted by @Marvin Lara:

@Junior Picanco That is amazing in such a short period of time. I love reading stories like this! It motivates me to continue reading and saving to hopefully invest out of state soon. I am from LA county and simar to the Bay area, coming up with a down payment for a home here can be a headache as a newbie.

Wish you the best of luck in all your investments. Regards,

Marvin Lara

 Thank you, Marvin. I appreciate your kind words. God bless and best of luck to you with all of your future endeavors.

Originally posted by @Kyle Schlosser:

@Junior Picanco Congrats! How did you find the properties? I used to live in the Dublin area, about 15 mins from Marysville. Unless Honda and Scotts Miracle Grow both melt down, you should always have a nice pool of potential renters.

Thank you brother, I purchased from one of my buddies that lives in the area. 

Originally posted by @Barclay Chan:

Originally posted by @Junior Soares:

@VB Phom Good afternoon, I have both properties in an LLC reporting up to a holding LLC. The holding LLC holds my positive cashflow while I run each property with their own accounts. Helps me with organizing my taxes at the end of the year with my P&Ls

Best, Junior

I assume your LLC and holding LLC is registered in California. What made you want to register it in California than the states your properties are in?

 No sir, none are registered in California aside from my california businesses. 

@Jacque Sacramento I appreciate the kind words, many thanks. I will definitely look up that gentlemen that you mentioned and see if maybe we can connect and if he can offer any advice. For me, this is just another investment vehicle that I'm very interested in getting into and since I'm still very early and new to the game I'm very willing to learn from the pros and take some of their advice and implement it into my business. I appreciate the feedback Blessings Junior