I am starting my real estate investing journey and have been hitting a wall with the type of entity that I should establish to start my business, such as an LLC.

My costly mistakes came from thinking I knew it all.Begin with house hacking - buy a duplex, live in one unit, rent the other.

I bought a duplex in 2014, no rent control. 2019 Rent control imposed.

Hey everyone, I am about to purchase a duplex in North Carolina, and the seller is selling the property as a 1031 exchange.

My first deal was a house hack on a duplex and I did that personally, had no issues at all.

Spackle and paint numerous times, fill holes in the wall, have had to wake up early to move my car due to the parking situation, etc. - Have had to sit down all five tenants and reset expectations in terms of cleaning (including the 68 year old co-worker).3.

Purchase price: $180,000 Sale price: $180,000 This duplex was on a peaceful, quiet block in the heart of 19120.

as we have always sefl-managed our portfolio of rentals but are now beginning to expand into helping other landlords work more efficiently.We are a small, locally-based property management company specializing in single-family homes, duplexes, and triplexes.

., "I will buy at least one single-family home, duplex, triplex, or fourplex before the end of 2019") and then do it.

If you build (via managing a general contractor), you should (ideally) know more about how the property was built than if you bought an existing home--you know what's behind the walls, and ideally you might avoid anything wrong with buying an existing home with issues you and your inspector didn't catch.I understand there's risk to building--it just seems right now that the risk is lower than buying an existing house--a house where you simply cannot know every detail without tearing it down to the studs and doing a complete remodel.