Investment starting in Putnam, Flagler county florida

[Tyson Regier]

Hey BiggerPockets Community!

I'm Tyson, a recent Army retiree turned teacher, and I'm excited to be part of this community. My real estate journey started with a single investment property in Putnam County, Florida, and I'm actively working to expand my portfolio and acquire my next property soon. I'm particularly interested in connecting with other investors in Florida and learning from your experiences.

One topic I'm keen to explore is the pros and cons of holding properties under an LLC. I'd love to hear different perspectives and insights on this.

On a personal note, I'm a husband and father of two. Looking forward to networking, learning, and growing together!

[Kimberly Gopp]

@Tyson Regier
  I agree with Megan, and would add to her list 

Annual fees associated with each llc to keep current/registered with State.
Annual Tax filings costs... To have your taxes prepared for EACH llc - and YES I strongly suggest you have a tax preparer for your taxes, one that specializes for Real Estate investors. 
Being a Teacher and self managing your investment home...  your w2 income tax burden will NOW be lowered. These properties are going to blow your mind on how you can reduce your w2 income TAX. 

I am saying "EACH" llc - because, perhaps setting up just ONE llc for the property management side for all properties. Then add a couple investment properties to be held in title by one LLC together. Some would disagree and say separate llc for each property. You are well on your way tho to wealth building. Thats gotta to feel great and stay the course.

As for funding in an LLC. It's easier than you think. Do some research on DSCR loans

Thank you for your service. Congrats on Retirement! We started late in life but it's pretty amazing to look back and see what we have created in a short period. 
1st stream of income Retirement pay ! CHECK
2nd Stream Putnam Property ! CHECK
3rd Stream Investment Property - Sounds like working on that now

Couple that with w2 income... You are ahead of most and on the right path. 

My husbands va loan has been a powerful for your investing. Getting in a VA then moving out later and converting it into an investment home. PM if you like. I can chat RE all day.