We had to replace 90% of the electrical, created an open concept, primarily all new drywall, new boiler, new roof, etc.

High earners should also consider estate planning tools like trusts or Family Limited Partnerships (FLPs) to minimize future tax burdens.Given his income level and tax complexity, consulting a real estate-focused CPA is essential to maximizing deductions and optimizing tax efficiency.This post does not create a CPA-Client relationship.

App=Spart...If you need a tool to run your deal I have created this free tool that you can use btwhttps://real-estate-tools.com/real-estate-deal-calculator/?

You can create your own methods and one stop shop by creating your own leads.

What I wrote above does not create an attorney/client relationship between us.

It's not just about creating beautiful spaces; it's about making every square foot work hard for both the investor and the end-user.Optimizing Space UtilizationThink about how reconfiguring a floor plan can add value.

(In other words, I won't be creating a profession out of REI.)

The reason I ask is because most deals I see on Crexi or Loopnet or anywhere else create negative cash flow under 7 or even 10 year terms with 7% - 8% interest rate.

I would like to know if I could create cashflow from a studio apartment across from the beach.

@Greg ReeseMost small investors will benefit by having the LLC created in the state where the property is located at.Creating an LLC in a state like Nevada, Delaware, Wyoming may be better for the big players if items such as charging orders, business friendly case law, anonymity are important to you.However, be mindful that setting up LLC's in those states will add to your costs as you may have increased annual fees for annual LLC fees + registered agent fees.