If you can establish a solid network (even virtually at first), and maybe leverage your savings to buy a property with rehab in mind, the reward could be the path you're looking for to make those five-year goals a reality.Of course, the risks are there, but if you're comfortable and see the upside, it could be worth leaning into.If you need more insight into BRRRR execution or anything specific about market selection and building a remote team, feel free to ask.Hope that helps!

Eliminate debt, establish a budget, and save.

My main advice for avoiding liability is: (1) work with a great insurance broker to get comprehensive coverage; (2) avoid signing full recourse personal guarantees whenever possible; (3) max out your 401(k) or defined benefit plan with ERISA protection; and (4) strive to reach a point where you’re not personally involved in the business’s day-to-day operations.Disclaimer: While I’m a licensed attorney, I’m not your attorney.

Offer the design team a piece of the equity OR pay a premium as incentive to keep to an established timeline (that is within their control). 

If you are looking for loans on real estate or a business lenders don’t necessarily care about the credit history of the LLC - they care about the performance of the asset and your creditworthiness since you will most likely have to sign personally.I have established multiple LLCs just days before closing on large loans for different assets, those particular entities barely existed and the banks did not care.If you are talking about pulling a business line of credit (like a HELOC, but against your business equity) then the banks like to see some history of revenue.

I’m hoping to establish a reliable stream of unearned income through real estate investments, but I’m new to the field and looking for guidance.I have around $35,000 saved (excluding stock investments) and would love to connect with someone who can help me navigate this world.

Hi Qwee, I specialize in VA loans and am always happy help fellow veterans (not licensed in MN though).

Having said that, before you dismiss a sponsor for violating this guideline, take some steps to ensure you are communicating with the right person, and that communication is actually established.

Garland has some pretty onerous rules for STRs and even requires a license and inspections at every lease turnover for LTRs which has put me off investing in the Garland/Mesquite market period.https://www.garlandtx.gov/DocumentCenter/View/15034/STR-Info...

So there is a lot of incentive from some big long established entities in both syndication and banking/finance to just sit back, let others over-leverage and drive thing's bust, because picking up the ashes is more like picking up the gold.