So, if you create an LLC in another state, you will likely need to register it as a foreign LLC in California.

What Zach is saying here is that you won't be able to utilize the "STR Loophole" which refers to using any net loss from the STR business to offset any income from other sources like W2 income or 1099 business income.

You'll probably also be carrying the rehab cost on this line too till you eventually refinance and have that opportunity to pay down this line (to rinse and repeat the BRRR process again).Regarding the above strategy, I also pay down the line from all sources (rents, other income, earned job income, or anything extra) in order to keep the daily cost of interest lower.

One LLC is simpler, but separate LLCs can isolate risks.Different States: She can hold properties in Nevada and Washington under the same LLC, but might need to register as a foreign entity in one of the states.Renting to Family: She can buy a commercial property and rent it to your business or rent a residential property to you and your sister, as long as it's at fair market value.

I'm looking to get an Air Bnb BRRRR of my own to ramp things up. airdna.com is a good source for market data, rates, seasonal occupancy.

If you plan to have multiple units, I would suggest looking into creating a foreign series LLC.

The Pointe Clear Dr acquisition was financed through a combination of Partner Driven capital and strategic funding sources.

The fact is I am starting to meet more coaches than active wholesaler,flippers etc In my business I am an active buyer of properties and source wholesaler thru local meetups reia meetings etc In every meeting their is a dozen people like you who want to learn and even more coaches who want to teach.

If you’re opening a bank account out of state of your LLC, generally you’ll need a state business license for the state you want to open the account and register as a foreign entity.

I am a foreign national so will be investing from a distance.