Working this backwards, what I see is a 3rd party trying to benefit from another’s house via rental cashflow, My only business is 30+ years as probate estate and trust lending in CA.

Your financial background is a huge asset, and it’s great that you’re starting locally in Milwaukee while keeping an eye on future expansion.If you’re looking to connect with like-minded investors, the Rental Property Association of Wisconsin is a fantastic resource for networking with rental portfolio owners, accessing legal resources, and finding contractors. https://www.aasew.org/For mentors, funding sources, and flippers, the Milwaukee REIA is another great group to explore. https://www.milwaukeereia.com/I’m a member of both and find unique value in each—maybe we’ll cross paths at a future meeting!

I have been able to scale up to 12 doors in 2 years so definitely recommend this area.

In such cases, using the land trust-to-LLC strategy can mitigate this risk.

Alright, now that the house is locked up and the paperwork is out of the way, it’s time to get messy.

Is real estate wholesaling a realistic way to start up my real estate journey, and if so, how can I get started in this field?""

Warning:If you depreciate a property down near zero and then have to sell your property at a loss during a situation of distress...You could end up giving all the proceeds to the bank AND owe the IRS a big chunk of money for recapture.Long-term tax planning with real estate needs to be coupled with risk management and making sure you don't lose any properties.

I am a new real-estate investor looking at flipping properties in a higher end neighborhood.

I have created a lot of loss in my taxes over the last few years and now want to get a mortgage for a new primary home.

Back when I was a renter, that's where I found two places to live.