All Forum Posts by: Thompson Gooding

We are an established real estate development services company seeking a contract worker who can assist part time in finding development sites for our consulting services clients and for our own account.

This person will be given defined areas and specific criteria for sites, and will be responsible for searching online listings, contacting brokers, investigating off-market opportunities, and using other methods to find sites.

Anticipated assignments will include multifamily sites for both affordable and market-rate properties, single-family renovation and new construction, and others as may be requested.

Pay will be $15-$20 per hour depending on skills and experience. Send direct message if interested.

Hey, Tyler. I am an experienced investor in Valdosta. I would be more than happy to chat about real estate in general and the specific property you found in Valdosta. Shoot me a private message. We do both single family and multifamily.

Hello, Bentley. I am an active investor in Valdosta (based here and invest here), and I would love to help you. I have not done any wholesaling, but I can certainly help with real estate in general. 

Brad, I'm not an attorney, but I have always heard that it is best to set up your LLC in the jurisdiction where your property is located, unless you are trying to get the benefits of a specific state's corporations law (Delaware, Wyoming, etc. - ask your attorney). We have several properties in Valdosta, and our LLC is set up in Georgia. Remember - Since you've already purchased the property (in your own name?), once you set up the LLC, you have to actually transfer it to the LLC or the LLC will be of no benefit to you.

Again, I am not an attorney or accountant, but my understanding of the new tax plans is that they give preferential tax treatment to any "pass-through" income, and so long as you form a pass through entity (LLC taxed as a partnership, for example, and not a corporation that is taxed at the entity level) you should be good. However, with real estate you really shouldn't be paying taxes on the property for several years due to teh depreciation anyway. If you do any significant rehab, you really won't be paying taxes for a while.

To follow up on some of the other comments, Valdosta does require any business (including tree and trash services) to have a business license. However, for businesses with no permanent location, enforcement is pretty lax. The city does require that the tree service haul off the debris for you, so don't let them leave it at the curb or you will be paying the municipal trash service an extra fee to do a special pickup.

Hey, Jordan. I am an investor in Valdosta. You are correct that no permit is required to take down a tree on residential property here. 

If the tree is that close to the house, I would absolutely make sure you have a quality tree service and get proof of insurance from them. If they know what they're doing, they should be able to carefully take the tree down in sections. I would even ask them to verbally walk you (or your partner) through their plan before they start so you can understand HOW they are going to protect your house.

Good luck!

My dad is a lawyer and he did it (the price was right!), but he isn't regularly involved with landlord/tenant law so I don't know that I would recommend him.

We self-manage all of our rentals. I had an attorney draft a lease for us. I'm a big advocate for self-managing in your own market, but not at a distance. You're not too far from Valdosta, but you may want to find a manager if you don't want to drive back and forth. That would also solve your lease problem.

Well, fortunately, we've never had to deal with evictions. So, I can't help you there. For real estate purchases, we've been using a small (single-attorney) firm, but have reached the point where we need counsel with a little more capacity. We're looking at Langdale Vallotton.

Hey, Brad. We use, and have been very happy with, Henderson & Godbee. They are well-versed in both single-family and large multifamily, and everything in between.