For tax purposes, you already acquired 100% of it.

Quote from @Daniel Rabinov: I’m new to REI currently looking to acquire multifamily properties in the North Miami Beach, Aventura, and Hollywood areas that meet the following criteria:Price per Unit: Maximum $250,000 (4 PLEX MAX 1M)Cap Rate: 7.5% or higher as-is not pro formaValue-Add Potential: Properties that offer the opportunity to renovate, improve, and increase rents or overall property value.My focus is on underperforming properties with strong fundamentals that are located in these markets.

This also allows you to keep the incredibly low-interest loan you currently have, and to only use the funds as you need them to acquire each new property.

I have just acquired the lot and I am trying to figure out what to do with this property. 

Potentially "flipping up" once or twice between now and then, eventually retiring to the property, or selling to acquire a retirement property there.I'm an experienced, long-time licensed agent in Atlanta and have done many fix and flip deals in the Atlanta area, but really don't have any experience with STR or MTR, especially in Fl. 

Next, it is most cost effective to acquire your real estate in the LLC at time of acquisition.

I think to much time is spent on teaching how to acquire the low cost properties and very little time on how to get them financed.

Purchase price: $380,000 Cash invested: $80,000 Acquired my first property in Broward County, FL!

One deal is just the start, with 1 or 2 properties there will be more highs and lows, but once you acquire a handful or more then things even out.

Hello, I am a newer investor and interested in acquiring foreclosed properties, as I hear the banks typically like to sell them as fast as possible, not putting emphasis on maximizing sale price.