All Forum Posts by: Vaden Hoffman

Investment Info:

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

Purchase price: $315,000
Cash invested: $35,000

Bought with hard money. Reno’s the house and refi’d a few years later. Zero percent vacancy

@Annie Dickerson & @Brandon B. thanks for the referral.  I'll give them a call!

Looking into the Huntsville, AL market for a multi family buy and hold.  Any tips on locations, areas to target, stay away from? Also RE agents and PM's you have worked with and highly recommend?  Thank you advance!

Jonathan Orr & Calvin Kim thanks for the insight. I'll talk to a Lawyer and cheek it all out. If I have to pay the $800 annual fee for doing business in Cali then I may as well keep it simple and incorporate here.

You'll need to talk to an Arizona Lawyer and/or accountant in California LLC tax is what ever you make goes into a K-1 and gets distributed to your income. You can take distributions how ever you want, you're going to pay taxes on it either way. But definitely talk to your accountant first

Hello all, I'm not looking for, nor expect to get, legal advice but maybe someone can help me out. I have a couple of investments in California that I would like to put in their own LLC. California costs $800 per year to incorporate to a LLC while states like Nevada and Delaware, etc are much cheaper. I know that incorporating Out of state won't save me on taxes, I'm more concerned about liability and putting the properties in a Corp rather than in my name. So I guess my question is will I be able to have corporate protection from my personal liability if I have a physical property in California but incorporate in another state? Assuming I'm good and don't "co mingle" funds and pierce the corporate veil that it. Thanks in advance for your help.

Hi Stephen Sokolow sounds great. I'm on vacation in Portugal for the next two weeks but we can converse via email until I get back. PM me your email address and I'll send over a message. Appreciate it.

Been doing a lot of research in the South Bend & Mishawaka area and am at the point where I need to contact a PM & Realtor to start building my team. Anyone have any good suggestions? Thanks

@Troy Fisher I'm looking into the Spokane market for a 1031 exchange on a property inCalifornia. Can I contact you to get some info and get on your MLS drip system? @Jacob Evans I would also love to chat for 5-10 minutes, or email about the Spokane market in regards to buy and hold strategy for small multi-family rentals.

Thanks @Nik Krohn just messaged him