If that’s the case you can buy in the LLC, in your name, or in a new disregarded LLC.

for me  a handful since early 80s  now in those days I was ONLY buying land that had owner contracts on them. 

I’ve had several deals like this on the buy side and sell side where the “gremlins” came out and started whispering against my intuitions.  

DM me your email and I can connect you with the organizer.The group discusses buy & hold real estate, both single family and apartments. 

I can't buy gas with a percentage.

Hello, looking to potentially use a hard money lender in NJ. Can anyone recommend some stand up lenders I can speak to? Also if any NJ agents that are familiar with using these and transitioning out of them can reach ...

The hang up is getting deals formally drawn up.One idea:- I buy the property and pay 25% DP, then they provide capital after the closing and I pay them P&I over 5-10 years.

My daily job is to buy commercial real estate.

Investment Info:Single-family residence buy & hold investment.

Hey @Mike Nelson, never assume anything about STR rules and regs.Here is the STR rules for Oak Park - https://codelibrary.amlegal.com/codes/oakparkil/latest/oakpa...I would call the city and make sure it is legal for a specific property.Now regarding the famous person angle, sure it can add value to the property or as a STR, but for STR use, I would think you would need it to be in original condition with a lot of the furniture and knick-knacks that were owned by the famous person along with a bunch of photos etc featuring the famous person.If you buy a place that has been totally redone but was owned by someone famous but has no features or things that were theirs, then I don't see it being a draw.