We have been actively submitting offers and competing with confidence on B/C class assets that are 50-150 units during the pandemic with guidance from the community and coaches. 

I have another LLC because I am also a GC and all my renovation activities go under that business. 

There are a few MTR Facebook groups that are very active and the community is always sharing MTR booking leads.

Are you actively trying to seek properties in that area?

As a real estate investor, you need an agent who understands the local market and how it ties into your strategy.How to Approach a SellerThere are several ways to approach a potential seller if you are actively looking for an off-market property.

If your income exceeds $150,000, your ability to deduct passive losses from rental properties is limited, and any disallowed losses carry forward to future years under the passive activity loss rules.Yes, the deductions can accumulate and roll over year after year.

One thing to keep in mind, most lenders will require that you have owned a property for 12 months, and have two active trade lines on your credit for 2 years or more.

Outcome: Retrieve detailed information on legal cases, liens, judgments, and any active legal disputes that may affect the property.7.

Get your license, do the prospecting activities, and find the buyers.

Rarely do I come across a LLC that is treated correctly (without comingling of funds, documenting the minutes of the required board meetings, and often paying the franchise taxes to keep the LLC active).