All Forum Posts by: Jane Ng

@Todd Rasmussen That would be wonderful! I will message you. Thanks!

I am an out of state investor (live in CA) and currently invest in two different states (outside of CA). I created a Wyoming LLC and would love your thoughts on the following:

- Do I need to foreign file in each of the states I own property in? If yes - when do I need to do this by?

- For those of you with multiple LLC's, do you have them under one LLC Holding Company? If so - do you only pay taxes on that one Holding Company or taxes on each LLC?

Thanks in advance!

Thanks, @Andrew Rosenberg!

Hi All - I'm an out of state investor and looking into the Little Rock market to BRRRR. I would prefer to go through the BRRRR process on my own than purchase from a turnkey company. I have already BRRRR'd three SFH's in Louisiana, sight unseen, so I feel comfortable doing it again even though I'm out of state.

I am specifically looking for an investor agent and a rockstar property manager in Little Rock. If you know of any, please let me know. Thanks a bunch!

Hey @Laura Dalla - I live in CA and have 3 rental units in a small town about 45 min from NOLA, called Hammond. My initial plan was to invest in NOLA and I lived there for 2 months last year, so I drove around every part of the city. Like many people on this thread said, each street is VERY different. In general, the neighborhoods I like are Freret and Gentilly. Watch out for flood zones because it can change your flood insurance drastically. When you check flood zone, make sure you check FEMA, not LSU (like many people recommend) because insurance goes off FEMA. I had a property that showed it was NOT in the flood zone from the LSU flood map, but when I started looking for insurance, the agent told me FEMA had the property in a flood zone. After much research and analysis, we found out that a little sliver of the house touched the flood zone, so technically, it was in a flood zone.

I highly recommend my Property Management company, so message me if you're interested and I'll share their info. 

Good luck!

Anyone with experience accepting housing vouchers? If so - what were some pros and cons? Thanks in advance!

I'm considering purchasing two older single family homes that have separate addresses but are on the same lot and same tax and water bill. I'm am out of state investor, so having a difficult time getting a hold of someone at the city who can provide more insight (i.e. were the homes built according to code? Can I easily separate them to two tax/water bills?)

This deal is from a wholesaler, so there are no disclosures. Do you think it's a big risk? Will I have a hard time reselling them as a packaged deal years from now? 

Would love your thoughts. Thank you!

Hi everyone! 
I live in California, but our investment properties are in Louisiana. I've read that it's beneficial to incorporate your LLC in Delaware or Nevada. Any recommendations on which state and why? Thanks!