All Forum Posts by: Justin A Edmonds

I plan on breaking into the real estate industry with rental properties. I hope to acquire multiple properties. Doing so, I'd like to know what is the best way to go about registering these properties.

Should I:

- Register all my properties under a single LLC

- Have an LLC for each property.

- Establish just one LLC then put each property as a DBA

And if possible, please explain why this would be the best option.

I am on the verge of being approved for a 30-40k line of credit. I currently live in DE. I am interested in starting out with rental properties but wasnt totally sure how I should start.

What type of properties, price range, and condition should I look for with that sort of capital?

I'd really like to start receiving some income from a rental property. I already have an established LLC and wanted to know, once I begging acquiring multiple properties, should i establish different LLC's, create DBA's under thst one LLC, or just hold all rentals under a single LLC?

According to the BP ultimate beginners guide, they say best way to evaluate a property is using the 70% rule. Once you discover that this is a worthwhile purchase, the Ultimate beginners guide says there is more to it after that. What steps should be taken after a property passesthe 70% rule?

Welcome to the BP team! I too am brand new to the BP team, also in the south NJ area, clementon to be specific.