All Forum Posts by: Orlando Chavez

Hello. I have some questions about LLCs. Here are my future goals: 

-invest out of state (currently looking in Indianapolis, Fort Wayne, Milwaukee, Chicago).

-invest in multifamily properties (2-4 units)

-Invest in turnkey-ish units.

So now my questions about LLC:

1) Do you create an LLC on the state you're investing in or the state you live in?

2) Do you create an LLC for each property or only one LLC that owns multiple properties?

thanks to both. Yes that's what I am finding out, cash flow could be tights. @Diego Alvarado Just doing some brief research it looks like single family homes can also be tough to cashflow. We'll be moving to Denton, ideally we would want to invest nearby but it would be tougher there. 

Hello all. I am just starting to learn about real estate investing and trying to learn as much as I can about the Dallas market (and suburbs). I’ve heard it’s not as great compared to pre-pandemic but would like to get some thoughts from local investors, agents, lenders. I’ve sort of been looking on Zillow and Redfin for 2 to 4 units properties. Just running the numbers based on Zillow and Redfin prices, comparing rents to similar properties, and assuming I pay the asking price (no negotiations, 20% down), it looks like it’s hard to be profitable. My goal is good positive cash flow.  Again I am just getting started so I have lots to learn especially in a new market. Thanks for your feedback.