All Forum Posts by: Alvin P.

Ah I see - okay, it's on Berkshire Dr. Thanks for all your input!

Anyone know much about this zip code? - Little Rock, AR 72204

I'm in situation where the turnkey management company that I've approached is claiming that this property is a solid neighbourhood, but of course I'm taking it with a pinch of salt. I've poked around, and it looks like they just bought it a few months ago for about $50K and are now marketing it as close to double the price, after re-doing up the place with brand new fittings.

Because of the brand new fittings, the company is estimating rent to be about $1000/month, which seems "way too high" (as per rentometer.com), but they claim that there is an approved tenant moving in soon.

Is this typical of everyone's experience with turnkey companies? Are there questions that I should be asking?

Thanks everyone! Looks like I really need more research in this area.

Yes! Singapore is a lovely country, but we get $2500/month rent on a $750,000 1-bedroom condo. Boggles the mind!

Thanks Dean! I've been bombarded by a whole slew of data about LLC (or not), and how many, etcetc. However, it does seem like the first step is to just incorporate my first LLC.

This is one point that I haven't been able to get good info on though: Seeing that there are out-of-state taxes and costs for LLCs, wouldn't it make more sense to have the LLC in the same state that your properties are in?

I'm from a country where we have only one state and one city, so the concept of multiple states and different rules and regulations per state can be very confusing!

Hi everyone! I'm an out-of-country investor looking at getting into rental properties, and I'm very excited to get started. I'm looking at Little Rock, Memphis, and Houston. I've been reading through the posts on this site, and trying to pick up as much as I can.

Currently, I'm contacting several turnkey property companies, and trying to see how the best way to setup LLCs is. Apparently one in every state that I'll be owning property in is best - and even better if I have one LLC per property.

Financing is also a big headache, because of higher rates than usual for me since I'm a non-resident, so I might have to pony up much more cash per property that I had imagined.

But it's a journey that I'm glad to have gotten started. Looking forward to learning more from everyone! And if there are any other out-of-country investors, I'd love to hear from you too!