All Forum Posts by: Madison Heney

Hello, are there any meet ups in the Bay Area? Somewhere along 680, perhaps between Pleasanton, Walnut Creek and Martinez? I would like to connect with investors in the area.

Hello Grant, 

Thank you for your feedback, this is very helpful. I agree, we will make it clear and transparent. 

I don't know of an attorney to help me with forming an LLC and wonder if it's worth the cost and if I don't actually need an LLC initially. What would be the simplest route to start out? Buy a property on my own and see how it goes for 6-12 months, then buy a second one with my mom? Buy one together (no LLC)? Or buy one together with an LLC?

Thank you again! I don't have any friends or family who do REI or have an LLC, so I am learning everything through books, podcasts and the internet.

Hello, I am looking at purchasing my first investment property out of state. I have been researching for the last few months and found an area I would love to invest in. I plan on starting with one property, with the potential of buying many. I have the money for the down payment/CapEx, repairs, etc. and have been researching independently. I have a realtor and loan consultant who I used for my primary residence who I plan to use again, and have found a property management company in the area I plan on purchasing.

Here is where my question comes in. My mom(57) would like to go in on the property with me. She has the money to split the initial investment with me and is open to the idea of buying more down the road. My mom does not enjoy researching and making decisions like I do, so that would all be me. She trusts my decisions and would be splitting payments and profits with me. I thought about forming an LLC for us should we go in this together. We are very close and get along well. What are your thoughts on investing with family? Would you form an LLC if you were in this position?