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Updated over 2 years ago,
Looking to House hack first 4plex
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!