My friend's father, also a real estate investor specializing in multi-family properties, has numerous LLCs established (her guesstimate was about 18 LLCs) for tax purposes.

I think you'll find you pick up numerous tips and great info along the way!

From a fellow BP addict who has attended BPA numerous times (bigger pockets anonymous) and failed to quit, congrats on reaching 500 posts.

In DC, if you can cashflow $200 per month on a property, thats pretty good in my book.The reasons that not everyone is jumping in and buying instead of renting are numerous:1.

(I know, I am going to hell).To attempt to quantify the numerous reasons why I pursue such things is beyond the desired length of this post.

I have done this numerous times with title companies but some of these real estate attorney's in Northern New Jersey don't understand creative real estate investing.

If you don't have the two years of tax return history yet as a landlord, then you will have to qualify for the new loan while carrying the PITI of ALL loans in the numerator of your DTI ratio.

Many parks have several investors who own numerous homes.

I've been a local assessor for more than 30 years and have gotten numerous calls from the IRS verifying the land and building assessments for tax filers using this method.

This was an excellent move with countless advantages for numerous reasons.