All Forum Posts by: Tracy Wang

thanks for the response. The Rental is in FL, LLC is opened in FL. I know it is hard to get away from $800 franchise tax based on their definition of "doing business" in CA, but doe this FL LLC needs to be foreign filed in CA in order to pay the $800? In other words,Can I pay $800 to the franchise board, without foreign file the FL LLC with the secratery of state?

I'm talking to different professionals and get different answer. For an out-of-state LLC holding rental in that state, I know i will need to pay $800 franchise tax as CA resident, but do I have to foreign file in CA to register with secretary of the state in order to pay the $800 tax? Anyone has experience that pays the franchise tax without foreign file?

I am exploring the right way to set up LLC structure for rental properties to be held in different dates. And this company called "asset protection planner , inc" seems to have very good reviews. They also seem to be knowledgeable about how to protect assets on personal side, just wonder if you have any experience with them?

https://assetprotectionplanner...

I live in CA. Trying to get ready for property investment portfolio. I'd like to get some professional help on setting up LLC+land trust as I go along. There are different suggestions on how to structure it and I am lost. Therefore, can you recommend a good attorney in San Diego that is experienced in this?. So appreciate your recommendations,

Plus I am interested in Dallas market too, but so far the one PM I talked to told me that cash return is only 1-3% with all cash offer. It is hard to even get deal with financing. Not sure if it is true.

Thanks all for all kind suggestions and advice. I prefer to invest in area that is landlord friendly. Also geographical diversification is a plus for me. Therefore, I decided to go OOS. I plan to invest $200k upfront cash into differ market over time. Also I prefer a portfolio of maximum overall 4-5 properties, which means I might need to look for properties valued between around 200k-250K?   is it a reasonable price range to look for rental  with cash flow? As so far, I see some cash flow market sells below $150k generating rent a little over $1k. If not, What would be a good strategy given the constraint above? Thanks again! 

Hi all
I am totally new to the rental investment. I am in California and looking into purchase out-of-date SFR as rental property. Given so many markets, which markets should I focus on my research? I would appreciate to start with a short list of markets you can recommend? For start, I will mostly likely go with a turnkey provider, if you can share the ones that you have good experience with, that'd be great!

thanks a lot, I am learning each day from this forum.