Some properties will require different rehabbing than others, but we will stick as closely as possible to the system we have in place for ALL properties.TEAMS AND SYSTEMS In time, our team will grow to consist of the following: Agent/Broker CPA Lawyer Escrow Officer/Title Rep Insurance Agent Property Manager Handyman Private Lenders/Equity Partners ContractorsWe will follow the same rehab plan for all properties, as closely as we can, in order to streamline all decisions and maintain the desired budgets for each property.EXIT STRATEGIES AND BACKUP PLANS Our foremost exit strategy will be to sell the property once it has been rehabbed.

For what you are planning, both of those diagrams have a huge amount of entity structure that will need to be maintained.

So they buy a REIT or some stocks instead..!

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

This means the cost would generally be capitalized and depreciated over time, rather than deducted immediately as an expense.On the other hand, if you were simply repairing the existing refrigerator to maintain its normal operation, that would likely be considered an operating expense.

This will also give you education on saving money and managing a business as like anything in life, there will be income and expenses and you need to always maintain that balance.

Have little bit of cash in stocks.

I can tell, right here, right now, that Austin is the worst major metro to invest in rental housing stock in 2024.

My goal is to reach financial freedom as quick as possible. Which would be done by using the cashflow from RE properties. I am trying to figure out if I should also max out my own personal Roth IRA in the S&P or j...