Professional · Ruther Glen, VA · Member since 2016 · 57 posts · 7 votes
Hey Everyone,
I just relocated the family to VA and would like to get some insight into the market. I'm looking to begin investing in multifamily homes, two homes one lot or three unit or four unit buildings\houses to create some passive income.
i started a LLC last year based in Maryland do i need to transfer the LLC to Virginia?
Are there any local REA's in the 22546 area?
Is West Virginia considered part of the Virginia market?
What do you think is the best area in VA to begin investing in B, B- , & C class neighborhoods?
Ashburn, VA · Member since 2016 · 14 posts · 5 votes
9y
Hello Fellow Investor(s),
The state of Virginia and the state of West Virginia each have their own real estate markets and related economic forecasts.
To get you started in your investing, a review of the BiggerPockets blog and podcasts is key. There you'll find a plethora of knowledge for guidance.
However, don't stop there, to continue your momentum for investing in your area, reaching out to your chamber of commerce and county will be an added plus in moving you forward. You will find all the necessary information for doing business as an LLC and more.
✨Reference:
Ruther Glen, VA information and alerts https://co.caroline.va.us/
Doing business in your area http://carolinecountychamber.com
Hello Jean you will need to have your LLC registered with Va, its $100. You will also need a registered agent in VA if your LLC is not physically located there.