Filing the LLC in a random state like Nevada or Wyoming isn't some magical loophole that keeps him from paying tax.

Here are the variables you'll need:ARV (After Repair Value)Estimated Repairs (add a 10% contingency)Estimated RentPurchase PriceEstimated PITI (Principal, Interest, Taxes, and Insurance) on the refinance sideIf you know these values and ensure that your all-in cost (purchase price plus repairs) is 75% or less of the ARV, and that your rent will cover PITI + vacancy + maintenance + property management, then it's a deal worth pursuing.The BRRRR model is a fantastic way to build a portfolio and is still very feasible—even in 2024.If you're interested in more info, feel free to shoot me a DM—we can connect, and I'd be happy to assist you.

Quote from @Jamie Banks: Quote from @Marianne File: Quote from @Jamie Banks: After receiving the request on Furnished Finder I reached out to the guest via their preferred communication method.

How it works: The lender gets their principal plus a lump-sum return after the property is sold or refinanced.

Spoke with an Attorney who advised that I was correct in the situation and mentioned posting notice on the Tenants door, as well as Certified Mail, then going to the Magistrates office to file and Landlord / Tenant Complaint.

These reports provide a clear view of your financial health and make filing taxes straightforward.3.

PM is still a filed were easily 50%+ of operators are horrific, just total hacks that shouldn't even exist.

(Maybe a little exaggeration).A few years earlier in 2012 I had filed for bankruptcy and was just now eligible to buy a house.

If the tenant violates the term of the lease, you'd file a 30 day notice to quit.

This is somewhat hard to follow but I think what you're saying is that your business partner filed a personal articles insurance claim and they ran a loss history report on your partner when applying for insurance on this duplex?