All Forum Posts by: Jordan N Hansen

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $255,000
Cash invested: $51,000

Second property, bought soon after the first multi-family. Was fortunate, due to savings throughout military deployments to appropriately save and fund two properties back to back. Rates were still extremely low, which made both properties extremely lucrative with cash flow.

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $270,000
Cash invested: $54,000

A multi-family upper/lower duplex in Ankeny found off-market during COVID.

What made you interested in investing in this type of deal?

A partner and I began searching, and after coming up empty for 6 months, we were sent this deal by a close friend and ended up closing a month later.

How did you add value to the deal?

1) Renting garage units
2) Additional Pet Fees
3) Adding flooring insulation in the upper unit led to improved efficiency and sound reduction for lower tenants.

What was the outcome?

Completely eliminated noise complaints from the lower level and reduced utility costs.

Hello BP,

I am currently in the process of transferring my first multi-family property into an LLC. As with any first in this world, it's an intimidating process, and I have two questions before I dip my toes any further. I'm currently active duty military, stationed overseas in Japan while beginning this journey, so all of my relationships have been built virtually, or from previous connections. Here are my major concerns/questions below:

1) HIRE CPA: Despite this being my first property (in the process of purchasing a second), is it recommended to utilize a CPA. I have also explored the possibility of subscribing to a virtual CPA platform. My biggest weakness as

An investor is most definitely in the tax/legal aspect, and I believe while being overseas an online entity could increase the possibility of further developing my knowledge on the topic through FaceTime/Skype style interactions. Any other insight on this is greatly appreciated.

2) PAYING MY COMPANY AND MYSELF: I'm extremely ignorant as to how I can put myself on the payroll once the home is setup in the LLC. I've done my googling and research, but it's still clear as mud. The goal being continued growth and additional properties, I am lost as to how I can add additional capital into my LLC as well as may myself when necessary. Are there any books/links/tutors/billboards/YouTube videos you lovely humans have to offer on this topic?

Thank you,

Jordan Hansen