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All Forum Posts by: Victor N.

Victor N. has started 4 posts and replied 5 times.

Post: Business entity formation

Victor N.Posted
  • Posts 5
  • Votes 2

Hello, 

I'm a first-time out-of-state investor. I live in Washington DC but set up an LLC already in Kansas because I was planning to buy properties in Kansas City. But after looking there for a while I think I might expand my search to other states.

Any advice on the best way to handle the business entity formation? I'm an individual investor and doing it alone at the moment. A lot of people set up entities in Wyoming it seems. Since I'm just starting out, I'd like to make sure I can do this right for the long run. Thanks!

Hi all, 

Starting out on building a rental portfolio, looking at single families between 200k to 400k in Johnson County, Kansas. Given the current interest rates, I've put down the numbers in a couple of calculators and the results are all negative cashflow. 

20-25% down, 7.5% interest, rents come in anywhere between 1800 to 2500 a month. 

Any thoughts? 

Thanks, 

Victor

I'm just starting out and think I can benefit from a good mentor/coach. Looking at WNN Properties now. Has anyone had experience with them or others? Thanks. 

Post: Questions on mentors

Victor N.Posted
  • Posts 5
  • Votes 2
@Jason Anderson Which mentor did you end up with? How's it going now?
Quote from @Jason Anderson

Hello all,

My name's Victor Ning, and I'm based in DC. I'm new to real estate and would like to build a rental portfolio. I'd like to meet like-minded people here and grow together. 


Victor