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Updated over 5 years ago, 08/01/2019
Too good to be true!
Long story short, I have a single family home (with substantial amount of equity), I have added value to it (without appraisal), and have years of cash savings.
I've done my research for the past year, read countless books, listened to hundreds of podcasts, anything and everything you could imagine. I'm sitting in the ultimate situation but don't know what leap to take and I have countless questions because I know the ultimate dream a lot of you on this site have achieved is so close I can almost taste it.
I'd really love to have an in-depth conversation, but to start it off here are a couple to start..Any input is appreciate more than you know.
1. Should all rentals be under their own unique LLC or is one LLC holding all properties sufficient?
2. What are some tips from experience in taking a HELOC from my home for the down payment on a rental? What's holding back the actions of HELOC after HELOC from there if the properties are occupied and cash flowing?
3. General advice for taking this leap when I know I'm more than financially ready to create side passive income with the long term goal of full financial freedom.
Truly appreciate any help or advice! Just signed up for this and would love any type of personal messages or opportunities for more detailed deep dives as well.
Best.