Confirm that the IRA LLC provider will prepare all of the documents needed to not only form the LLC (articles of organization, SS-4 to obtain an EIN) but also the documents needed by the trust company to process the investment of IRA funds in the LLC.3.

@Casey HamptonThe capital gains tax scenario for selling a primary house entails excluding up to $250,000 in gains as a single filer and $500,000 as a married couple filing jointly.

Informative read about how to plan & prepare to purchase a home.

@Michael PetersDont see why you cannot rent it out to 8-10 people, just be prepared to have it pumped/serviced frequently.It would be nice to know the size of the tank you have.

If you tackle one problem a week, you'll have 50+ problems solved within one year and will be prepared to manage your investment better than 90% of all landlords.

If you tackle one problem a week, you'll have 50+ problems solved within one year and will be prepared to manage your investment better than 90% of all landlords.

I would also recommend looking for a tax strategist who is willing to work with you throughout the year, not just when preparing your tax return.

Developing the tools to scale a substantial real estate portfolio would enable me to help people in a way I currently can not.Me: I'm an investor located in Denver, CO preparing to execute the BRRRR strategy in Cleveland or Columbus, OH (aiming to use about $30-40k of capital).

I know of a few doing it, but preparing yourself for the work of getting it is usually tricky.Otherwise, **Following** to see if there are any others out there that I don't know

It won’t be the same as renting to a person so make sure you are prepared for doing business differently.