All Forum Posts by: Erin Helle

Check the states laws- depending on the strategy, you may not have to register. Illinois, for example, does not make you register your out of state LLC if the property is a long term rental.
Regardless of which state you choose, be sure to maximize your liability on your renters policy and get an umbrella - this will protect you more than any LLC will. 

If you refinance the rental property, does the rent cover the expenses? 

THE #1 NETWORKING EVENT FOR VETERANS & FIRST RESPONDERS LOOKING TO GROW THEIR NET WORTH. ​AN EXCLUSIVE EVENT TO INSPIRE YOUR PERSONAL, PROFESSIONAL AND FINANCIAL DEVELOPMENT! JOIN PROVEN VETERAN AND FIRST RESPONDER LEADERS IN THE INVESTING INDUSTRY AND BUILD YOUR BLUEPRINT FOR TOTAL FINANCIAL FREEDOM.

Network with the best group of people in the world.

Veterans for Financial Freedom brings together the best and brightest minds among the military and first responder community to create the only event of it’s kind. Our attendees are veterans, active duty service member, and family members who are ready to TAKE action and change their lives.

We teach the things you don’t learn in school, the pillars of financial freedom: financial literacy, entrepreneurship, and real estate investing. Unlock your earning potential and create a bulletproof financial plan with the direction of our speakers and sponsors and the support of our members.

TICKETS: https://veteransforfinancialfreedom.org/ff-ss-knowledge/

Hey Veterans and First Responders! I want to share this cool group that I'm a part of. It's called Veterans for Financial freedom and they are all about helping. veterans achieve financial freedom. Their mission is Serving Our Nation’s Heroes in pursuit of Financial Freedom through Knowledge, Network, and Action. They host events and webinars and have a free community you can join: https://www.thecoav.com/a/2147641844/uLpAAYiz

An exclusive event to inspire your personal, professional and financial development! Join proven veteran and first responder leaders in the investing industry and build your blueprint for total financial freedom.

Veterans for Financial Freedom brings together the best and brightest minds among the military and first responder community to create the only event of it’s kind. Our attendees are veterans, active duty service member, and family members who are ready to TAKE action and change their lives.

We teach the things you don’t learn in school, the pillars of financial freedom: financial literacy, entrepreneurship, and real estate investing. Unlock your earning potential and create a bulletproof financial plan with the direction of our speakers and sponsors and the support of our members.

Tickets: https://www.eventbrite.com/e/financial-freedom-saturday-semi...

Speakers and Sponsors Include:

-Multi-millionaire investors

-Team members that can help you on your wealth building goals immediately

-Operators with exclusive networking opportunities

You never know, you may sit next to the person you will partner with or an individual that can change your life.

Upgrade your ticket to the VIP experience and join our speakers, sponsors, and VFF leadership for an exclusive dinner and social event.

TICKET OPTIONS:

General Admission: $75.00

Plus add-ons:

-Lunch: $11.00

-Social Hour: $25.00

VIP Experience (limited to first 25): $250.00

-Includes exclusive dinner with speakers and sponsors on Friday, January 26, 2024

-Early access with coffee and continental breakfast

-VIP Front Row Seating

-Upgraded swag bag and event lanyard  

Tickets: https://www.eventbrite.com/e/financial-freedom-saturday-semi...

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $107,000
Cash invested: $18,000
Sale price: $260,000

This was a down to the studs renovation. We overhauled all the major systems, replaced siding, exterior stairs and deck, windows, water heater, appliances, floors and subfloor, and drywall. We brightened it up with fresh blues and clean whites.

What made you interested in investing in this type of deal?

I have a great contractor and there was a huge margin.

How did you find this deal and how did you negotiate it?

This was a wholesale deal I found on Facebook. I had my contractor and realtor check it out, give me their numbers, and then I offered.

How did you finance this deal?

Hard Money-100% financing.

How did you add value to the deal?

I renovated it entirely.

What was the outcome?

A 199% return on investment after paying realtors, contractors, taxes, etc.

Lessons learned? Challenges?

I always learn lessons! #1- Don't sign for the appliances until you confirm they work because the manufacturers will not take them back. #2- partner with the right person. My partner bailed halfway through this one and I had to pay cash to buy her out. #3- don't listen to the naysayers and invest in what you know, and what you assess as aligning with your why and your goals.

Thanks!

Tickets can be purchased here or at the door! https://www.eventbrite.com/e/veteran-financial-freedom-works...

Veterans Financial Freedom Workshop

Join us for an in-person workshop at the Grand Ritz Theatre in Escondido, CA. This exclusive event is only for military, veterans and first responders who are interested in building Financial Freedom. If that's you then come on out!

We're focusing on the action we've taken to build financial freedom quickly. We've already given you the knowledge, introduced you to the network, and now it's your turn to take the action! With our blueprint, support, and empowerment, you'll be on your way to financial freedom before you leave this event!

Our workshop series rotates on a 3 event cycle: Knowledge, Network, Action. This is the final event in our series and we look forward to sharing with you the step you need to take to put your plan in place and start working toward financial freedom alongside so many VFF members.

If you missed our first two events in the series, you can catch up by joining our FREE community: https://veteransforfinancialfreedom.org/join/

for Financial Freedom (VFF)

Veterans for Financial Freedom hosts masterclasses and in-person events to train the veterans, first responders, and families on everything they need to achieve their definition of financial freedom. We empower our members with the knowledge, network, and action they need to accomplish all of their financial goals.

Some of our Strategies Include:

Income Streams with no startup costs| Buy and Hold real estate purchases | VA Loans | House-Hacking | Short Term Rentals | Syndications | Multi-family investing | Creative Financing

Update! We expected this to appraise for $185-190,000, it appraised for $218,000! Unreal!

We are still buying and rehabbing in Clarksville! And we funded using a local private money lender.