All Forum Posts by: Sonya C.

Hi All,

I'm new to bigger pockets and would like to start investing in out-of-state real estate (buy and hold, LTR). I've been reading some posts here about setting up individual LLCs for each property for asset protection, and saw that some state allow Series LLC but got quite confused with the various posts.

I currently live in Phoenix AZ, and plan to invest in out-of-state properties. AZ does not seem to recognize Series LLC, so I'm wondering if I could set up a Series LLC in either WY or TX, then use it to purchase properties in Ohio or Alabama?

Do I also need a "operating series LLC" set up in WY/TX, and in this case do I need separate bank accounts for each series? Do I also need to create a LLC in the state that the properties are purchased (OH/AL)?

Thank you!

Hi All,

I've read some posts about achieving FIRE via real estate investing and I'm hoping to start doing that 2024. I don't really have much experience in this area and would love some advise. I'm currently in Phoenix AZ where housing prices are still high and does not seem to make sense in terms of cash flowing perspective, so I'm looking for out-of-state investing opportunities with the following criteria (and please kindly list more if you can think anything else):

1). Positive cashing flowing since Month 1-2, ideally more than the 1% rule?

2). Low property tax/lower costs to maintain, etc.

3). Landlord friendly (eviction, rent increase, etc.)

4). Few natural disasters (flooding, thunderstorms, snowstorms, etc.)

5). Good job or population growth

6). Cheaper price (ideally less than $250k so the mortgage would not be too much)

Any advice either regarding the above or real estate investing in general is very much appreciated. Thank you very much!