Business lines of credit don't count as funds to close, so you'll need to show and source sufficient funds before they give the go-ahead.

Going on the first face to face with a seller in years, even after getting 2 deals to the table, this one was tough.Stating the obvious, there is no replacing "the number" but I literally didn't have it in me to say it at that moment.

After 45 + years as a real estate investor, broker, lender, fund manager and syndicator, I’ve become aware that the “dream” of many investors and investor “hopefuls” is to be able to generate enough cash flow to live off their real estate holdings and accumulate enough wealth to make “work” optional.

I know that I want to focus on LER with the brrr strategy. now my questions are:1. where to start?

You just need to have more reserves set aside compared to a single family.

Go to GET STARTED > EVENTS AND MEETUPS at the top of your screen.

Welcome to BP Marcus and good luck investing!

I'll be sure to put in a disclaimer next time indicating that I'm not a CPA and they have to reach out to a tax professional to consult on the matter. 

House hacking is probably your best option.

If you do have a TX LLC just to hold a TX property, you still have to register in CA as a foreign LLC, which still means paying the CA LLC tax.