All Forum Posts by: Michele Ling
Michele Ling has started 3 posts and replied 5 times.
Post: Visiting SLC & looking to meet up

- Albany, CA
- Posts 5
- Votes 5
Post: what are the logistics around setting up a partnership?

- Albany, CA
- Posts 5
- Votes 5
Thank you for your feedback. You confirmed what I was thinking. I wonder though, what happens if it's a buy-and-hold property? How would you structure the agreement to reflect how long to hold the property and when to exit?
Post: what are the logistics around setting up a partnership?

- Albany, CA
- Posts 5
- Votes 5
Hi, I've come across a property that I think would be a great investment, but I would need to find partners in order to make it work. It got me wondering about the logistics around establishing a partnership, specifically the sequence of events. Do people identify partners, set up an LLC (which could take weeks), find a property and then create the operating agreement to determine ownership? This approach seems like there could be missed opportunities as the partners wait for the LLC to be created. Or do people find a property, identify partners and then make an offer? This approach though seems to leave very little time to get the partnership set up since there's a small window of time between finding a property and making an offer on it. Please shed some light on the process. Thanks.
Post: New Member from SF Bay Area (East Bay)

- Albany, CA
- Posts 5
- Votes 5
Hi, thanks for the warm welcome!
@Sim Peyron, I'm interested in SF, Alameda County, and Contra Costa County. The farthest north I'd want to venture into is Sacramento. I'd like to keep the local investments to under a 2-hr drive from my home base of Albany, CA. I see that you're in Oakland. Is this in line with your focus area? If so, perhaps we could meet sometime.
Post: New Member from SF Bay Area (East Bay)

- Albany, CA
- Posts 5
- Votes 5
Hi Everyone! I am new to the BP community and have been soaking up the vast amount of info/knowledge that is posted to BP, which is such a great resource! I wish I had known about BP several years ago when I had teamed up with some family members to invest in 2 properties (a flip and buy-and-hold). Both transactions weren’t successful, but they were great learning experiences.
Fast forward to present day, I am ready to make a career change (from IT consulting) and jump back into the RE investing world! I am hoping to connect with other investors in the local area (East Bay, CA) who would be interested in potential partnerships, specifically flipping and buy-and-hold strategies in the local and out-of-state markets. If you’re interested, send me a message and let’s grab coffee together! Also, I hope to see as many of you at the Networking Summit on August 27th and 28th in Oakland, CA!