All Forum Posts by: Adriana Collado Hudak

Thanks for all the replies. Great stuff to chew on.

Thanks Robert! Appreciate the insight.

Hola - rookie investor here. I own a condo in Miami that is under a Florida LLC (I used to live in FL). I am looking to buy a property in Tennessee or Arkansas. Is it better to open an LLC in the state where the property is physically located OR in the state where I live (Colorado)? Also, if I were to scale up to more than 10 doors, should I have an LLC for EACH door?

Thanks!

Hi Hans - thanks for the input. I've owned the condo for awhile, and it has a very low mortgage and association fee, so whether I use it as a STR or long-term rental, the cash flow will be there. That said, I've decided to keep using it as a long-term rental and focus my search for a STR on a property closer to where I live now so that I can also use the STR throughout the year.

Thanks Ray, appreciate the insight. 

Hi all, rookie investor here. I own a condo in the Sunset Park neighborhood close to Baptist Hospital, major highways, Dadeland Mall, etc. It’s not a “tourist” area but has a great location and access to South Miami, Pinecrest, Kendall, etc. The unit is located on an older property that is “ok” but not modern or renovated. Property has a pool and tennis courts. The unit itself, however, is redone with new stainless steel appliances, wood laminate floors, and bathroom. My overhead on the unit is about $700 per month including mortgage, maintenance fee, and taxes. I’m trying to decide which strategy is apt to generate the most cash flow, and I’m suffering from “analysis paralysis.” I’d greatly appreciate thoughts/insight. TIA!