Corporate formalities are taken care of and minimal as a single member LLC.

With the VA loan you can transfer it to another service member or veteran and they get to keep the same interest rate, but they would have to come up with the remaining balance (~$235,000).

As a Stessa Pro member, I rely heavily on its features to manage my properties, and while sending over the tax package reports works well (since the Income Statement and Balance Sheet are standard for most accountants), my bigger challenge has been finding a real estate-savvy CPA who doesn’t charge more than my annual cash flow for their services!

I reached out to the main office and heard back from a local outreach member from Rhode Island.

He then told me he would have an escalation team member reach out to work with me.

If you have a large (i.e. a lot of multi-generational family members) and/or luxury unit I think you should definitely do it!

After the purchase, Thorpe created 3917 Densmore LLC and established Walters, a Northlake employee, as the sole member of the new corporation, claiming that Walters was the homeowner, and that he intended to live in the home.During parts of the investigation Walters and Thorpe shifted responsibility from LLC to LLC and from person to person.

Hello,Thoughts on Rockford IL? Rockford seems to be improving, but what areas are a "no go" for buy and holds? Seems like a cashflow only market, so picking a neighborhood that can get decent tenants is a must. Is bei...

It is important to be sure they align with your goals and that you feel they are a right fit for you. https://www.biggerpockets.com/member-blogs/10145/83067-limited-partner-s-guide-to-investing-in-the-right-dealhttps://www.biggerpockets.com/member-blogs/10145/73373-opm-how-to-syndicate-with-successhttps://www.biggerpockets.com/member-blogs/10145/72118-syndication-the-ins-and-outs-of-real-estate-syndication

We offer one consistent level of service and the same program to all members, whether it’s through our One Year Membership, Lifetime Membership, or One Deal option.