Because banks know that investors/tenants don’t maintain properties as well, and fight needed reserves and assessments — don’t even think of arguing against the fact).

To thrive in real estate investing, you must maintain a firm grip on your finances.

You need to maintain a reserve to handle unexpected costs in the first year.How much should you maintain in the reserve? 

They are the one advising her to switch from 401(k) to RE and she agrees as she doesn't believe stocks are going to get her to retirement at this point.

I've said it before on these forums, and I'll say it again this rotation of large cap to small cap stocks is usually how this starts pre-rate cut.

The housing stock is older so you have that to think about, but the entry point is generally low enough to get in and see how the market works for you. 

It was simple and cheap.However, it still takes time and money to set up and maintain the LLCs.

🏦To get to the point where you can avoid personal guarantees, you’ll need to build your business credit over time:Open trade lines in your business’s name (utilities, vendors, etc.).Make sure you’re reporting payments to business credit agencies like D&B.Keep your debt-to-income ratio low and maintain good cash flow.It doesn’t really matter if it’s an LLC or S-Corp—what matters most is establishing the business as a strong, creditworthy entity.But yeah, in the early stages, personal guarantees are almost unavoidable.

Financial independence requires an income that enables you to maintain your standard of living throughout your life.

ThanksHello Imani, my husband and I have been building big beautiful brick properties day in and day out in Detroit for the passed 5 years straight and I’m proud to say we are experts in all aspects of building and maintaining successful rental properties in Detroit City.