Don’t let these companies confuse you into thinking they are required.

You are already succeeding by living for free, which will increase what you can save for the next investment.1-2 years later, buy another one and turn the first property into a pure rental.

If you need an LLC for tax reasons later, you can move title into an LLC later for a couple hundred bucks.

You put that money into escrow and when you purchase the property and complete them, you get the appraiser to come back out to verify the fixes.

I suppose I am wondering how to find interested real estate investors in the area or look for interested agents with input into what my best move would be really get the ball rolling

Hey Annie, congrats on taking the leap into short-term rentals!

I started diving back into learning by reading the Real Estate Rookie and was hoping to put myself out there and find some like minded individuals that are in the beginning stages of their investing career as well.

Purchase price: $350,000 Cash invested: $10,000 House hacking my first home by converting the master bed into an independent studio that we rent on Airbnb What made you interested in investing in this type of deal?

However, capital gains tax (if not exempt) and transaction costs could eat into profits.Cash-Out Refinance- If rental income covers both mortgages, this could scale your portfolio faster—but be cautious of higher mortgage payments and interest rates.If you have any other question, send me a DM or email!

We want to sell and I am starting to look into how I can save the most money tax wise.