All Forum Posts by: Susan Lee
Susan Lee has started 2 posts and replied 10 times.
Post: Looking for a Lawyer to Help with LLC Conversion in NC
- Investor
- New York City
- Posts 10
- Votes 2
Thank you - will send you a note!
Post: Looking for a Lawyer to Help with LLC Conversion in NC
- Investor
- New York City
- Posts 10
- Votes 2
Hi BP Community,
I'm looking to convert my investment properties in North Carolina into an LLC structure. Since I'm an out-of-state investor, I'd love recommendations for a knowledgeable lawyer who can assist with the process.
Thanks in advance for your help!
Post: Scam contractor alert in NC and need your help!
- Investor
- New York City
- Posts 10
- Votes 2
Quote from @Adam Schneider:
What did your referring broker say about the situation?
He switched his words saying he used the contractor only a couple of times before. He tried to reach out to the contractor but no response was received. After a few attempts the broker provided no follow up and walked away from the situation.
Post: Scam contractor alert in NC and need your help!
- Investor
- New York City
- Posts 10
- Votes 2
Quote from @Terrell Garren:
You lost me at paid a deposit.
Yeah I think I was naive thinking he would never do something like this as my broker used him many times and referred to me with strong confidence. A big lesson learned!
Post: Scam contractor alert in NC and need your help!
- Investor
- New York City
- Posts 10
- Votes 2
Quote from @Russell Brazil:
You typically have a lot more avenues to recoup the money when they are licensed. When they're unlicensed, realistically you are never going to see a dime from this guy unfortunately.
Yeah that's what I learned too. It's my bad I did not check his background but I am surprised that my broker referred him to me with strong confidence.
Post: Scam contractor alert in NC and need your help!
- Investor
- New York City
- Posts 10
- Votes 2
Quote from @Chris Seveney:
@Susan Lee
Sorry you have to go through this. Typically these do not end well and it gets chalked up to “lesson learned”.
In this instance the lesson learned is always do your own research even on a referral. We absolutely do this, I never hire or invest in a company without doing my own due diligence.
Again my apologies your out $4k and there are scum bags out there like this
Keep seeing if the state has a recovery program is another thing you can do.
Post: Scam contractor alert in NC and need your help!
- Investor
- New York City
- Posts 10
- Votes 2
Hi, BiggerPockets community,
This is the first time I post here and unfortunately it is not great news.
I'm an out of state investor and purchased a house in Raleigh, NC, last December. In February, I hired a contractor introduced by my broker for a fence work and paid a 60% (~$4,000) deposit as requested by the contractor. Given he was referred to me by my broker who said he used him many times, I did not check his background and wired the money.
The contractor was responsive until the work had to be started. When my tenant was ready and we were about to start work, he stopped responding to my email/text/phone calls. Then I realized I never searched his name in Google and did. You know what? I was stunned to find out he was reported on the media due to scams.
https://abc11.com/unlicensed-c...
I submitted a complaint to Consumer Protection Division (CPD) at NC Department of Justice who gave him three-week time to address the situation. Of course he didn't and the CPD (surprisingly) gave additional 15 business days and I'm (again) waiting.
Has anyone gone through a similar situation and if so can you share with me some tips? Separately, how do you think about my broker who introduced the scam contractor? Of course he didn't know he had a few scams before but it was obvious that he did not used him many times...
Would appreciate your help. Thank you!
Post: Multi-Family Investment Groups in NY
- Investor
- New York City
- Posts 10
- Votes 2
Quote from @Donna Paul:
Hi
I'm looking for a meet-up group that is willing to talk about multi-family investment in NY- If we don't have a group- I'll start one since I know lots of people may be interested.
Please let me know if you're interested or if you know of a group.
Post: NYC Out of State Investors
- Investor
- New York City
- Posts 10
- Votes 2
Quote from @Yosef Lee:
Originally posted by @Eric Ng:
Hey everyone,
I live and work in Manhattan and have been interested in getting my first out-of-state rental for over a year without action. My focus has shifted a bunch of times between FL or maybe more local like the poconos. Anyone in a similar situation and interested in meeting up for drinks / coffee, after work / weekends? I figure with more people in the same situation, we can help each other out and have some sort of accountability.
Thanks!
Eric
Hey Eric,
I was in a similar situation as a W2 working full time, doing self education, and realized I needed to take some action. Finally I closed my first deal 44 Unit in KS in December 2020 and this is a post I put up in Biggerpockets thereafter. This gave many beginner friends some idea as to where to start. Hope it helps.
Also, I'm planning an out of state multifamily investors in-person meetup in Manhattan sometime in May and already have a list of about 30 people who want to attend. Let me know if you want to be on the list so that I can notify you later for more detail. Yosef
Hi Yosef - Can you please add me to your list? Would like to attend the in-person meetup you're planning to host in May. Thank you!
Post: NYC Out of State Investors
- Investor
- New York City
- Posts 10
- Votes 2
Quote from @Andrew Jennings Freerks:
Hello everyone,
I hope you are enjoying this beautiful spring day. Eric and I will be hosting another happy hour on Wednesday April 6th from 6-9pm. Location TDB but somewhere close to Midtown. We'll let you know once we identify a spot, and as always feel free to invite any of your friends who are interested in changing their lives through real estate.
Talk to you soon and have a great weekend.