All Forum Posts by: Stuart Gardner

Hello BP Community,

Being new to the REI World, I am trying to cram as much information into my head on all the different concepts and systems that are needed to be successful. Thus to help, I am putting together a few diagrams.

My first diagram is about the best way to setup an entity structure to protect ones assets and estate. I have taken what I can gather from a few books and my educational background, but with no hands on experience it would be great to hear the thoughts of the community and those seasoned experts. I have also put together a few questions that I am unsure of. 

I do note that a lawyer/CPA would be the best place for advice. 

Questions:

1. The LLC that owns the property, can it be formed in Nevada/Wyoming/Delaware, or does it have to be formed in the State that the property is in?
2. To my understanding it would be best to setup XYZ Corp. as a S-Corp. to start. Is this a correct statement, or would it not work?
3. If XYZ Corp. owns the Property LLCs, and ABC LLC collects the rent money from the properties. Can the money flow right to XYZ Corp, or does it have to go through the Property LLCs first? (After ABC LLC has taken their percentage)
4. Is this an advisable structure? What structure do you use?

Understandable, this entity structure would not be something to start out with. But ultimately I would like to construct a series for diagrams detailing the best ways to structure ones asset protection at different time points. 

Thank you for your time, and I appreciate any input.

Best,

Stuart

Hello All,

I have looked on MeetUp, the BP Event page, and the Internet at large, and all the Real Estate Investment get together I have been able to find, are beyond the city limits of Boston and Cambridge. Which isn't a bad thing, but currently I'm unable to make any of them.

Thus, I would like to know if anyone knows/attends any get together that are within the city limits/accessible by the MBTA? And if not, is there interest in starting one?

Hey BP Community,

My name is Stuart Gardner and I'm new to the Real Estate Investment World. Real Estate has always been an interest of mind, and after completing my masters in business, I realized I don't really want to be working a corporate job forever. I currently have no properties and I am looking to get my first within a year. (Which probably won't be in the Boston area, giving current prices.)

I'm currently spending my extra time learning as much as I can about real estate investment, and I look forward to learning more from the BP community.  

If anyone knows any good meet ups in the Boston area or has any advice, I would greatly appreciate it.

Looking forward to being part of the community,

Stuart 

@Justin Silverio thanks I will take a look. 

@Justin Silverio, this event sounds awesome. However, the location is a little far for me. Do you host other events closer to Boston, or could you suggest any?

Thanks