Looking to House hack first 4plex

[Ben Matiella]

Hello all,

I am ready to get started on the real estate investing journey, as I have been educating myself for sometime.  I am ready to relocate to Las Vegas from Southern California and have an out of state money partner who wants to invest with me in Nevada. I have a few general questions:

1: is it feasible to do a lot of the deal searching from out of state?  I don’t have a regular W2 job (I do have 800+ credit though). It would be easier for me to relocate once we have closed that way I don’t have to rent a place in Nevada.   

2: would an LLC be ideal for a partnership on a 4plex? He would be providing the down payment from a retirement account, and I would be making the monthly payments, tenant screening and property management etc.

3. If anyone has general advice: agent referral that has worked with investors like this before.  Best neighborhoods for this in LV and zone to avoid etc

thanks!

[Stephen DeThample]

Hello, first thing you need to do is get a loan officer to pre-approve you for the loan. Then get started looking at properties, can be online to gain a general knowledge of the market. If uou have any questions, feel free to ask.