All Forum Posts by: Bob Smith

 Yeah that sounds like a great idea but how do I "look for markets with lots of population growth and job opportunities in states that are landlord friendly"?  

That makes a lot of sense. I have a very trustworthy source in AZ but I do see the median price going up there.  But your advice reinforces what I was thinking.  ty

I appreciate all the replies and info! After a few more conversations with the asset attorney and another experienced investor, who uses land trusts, I see that whether or not to register an entity in the state is more about legal implications rather than tax. And having a land trust with the entity as a beneficiary gets around this as the land trusts becomes the entity "doing busines" in the state and not the LLC or whatever.

Thanks for the reply.  I agree with what your saying but I was wondering is if there are any specific software tools etc that you, or others are using to get those metrics?  I've only ever used zillow to look up individual houses, but I do see you can see other data.  But is there a software platform that gathers comps, school data, crime maps, rent, and displays these things easily?  

perhaps theres a  way to do this all on zillow and Im not familiar with it?  

thanks

I have experience w holding rentals but I'm now just starting to go into buying strategy like brrrr.  My question is for any advice on how to analyze markets.  ex If search for things like best or worst markets to buy or rent etc. I'll find pages like this complete with heatmaps.  

How are they generating/aggregating this data?  

I'm perfectly fine with using data like this but I'd really like to understand and be able to gather and analyze markets myself but really have no concept yet of how to do that.

Any help/advice or a pointer to the right direction is appreciated. :)

This is a tax/legal question

ex. My llc is Wyoming llc. I have properties in MI and AZ. Do I need to register my LLC in MI and AZ for tax purposes?

Context

I have been registering it in the states of the rentals on advice from my accountant, however I had a conversation with an asset protection attorney who mentioned this might not be the case. I havent had a chance to get back in touch with him to verify. The conversation was about land trusts where the LLC is the beneficiary, and in that case I know you dont need to register the llc in the state because the land trust itself is what is doing business in that case.

Any info is appreciated.