We're putting a cash offer in on a property.

We've never had a rental property before, but we are handy and I do have some time/energy to put into such a thing.We have a house in the Boston metro area that's worth around $900k.

I also got licensed in Florida at the end of 2023 so we can continue to invest and create additional income to put into a buying fund.I'm excited to be here to learn and connect with other investors and realtors. 

@Rickey Walker, due to market conditions, interest rates, and scarce inventory, sourcing and acquiring long-term cash flow rentals is difficult, to say the least, unless you put down 35%-40%.As I inform most folks, you'll need to implement a creative strategy if your investment criteria predominantly focus on achieving cash flow.

One of the reason is that I would be able to put less down on the home as a down payment.

One of the biggest advantages of mobile home park investing is time.Even more impactful than in other real estate classes because MHPs are the most effective way to landbank for the future.It is often overlooked but where else can you put money that gives a strong cash flow opportunity while preserving the land for future development opportunities?

And for the companies that endorse WealthAbility, I would think twice about putting your stamp of approval on such a sleazy sham of a business.

.), but I can't really put a hard number on that.

I mention this because last thing you want to do as an investor is put money into a property and the values drop.

If you have a good CPA, realistically, the only additional deductions you get for putting a property in an LLC are the costs associated with creating and maintaining the LLC.