Tax Tips For A New Landlord/ Investor

[Nathan Anderson]

Hello everyone,

I'm making this post to ask what I (and others like myself) should be learning to prove income and cash flow on our returns for the purpose of future lending and credit?

My fiancé and I combined make about 50k annually as of right now. We are currently house hacking our single family residence and saving to purchase our first actual investment property. Any advice on the matter would be very helpful.

I also have a few questions in regards to opening an LLC. What are the pros and cons to an llc for new investors with limited cash access. At what point would an llc make sense to open and put my assets into? Will this help or hurt me in the beginning with limited cash?

    Best Regards,

Nathan