My daughter and son-in-law opened their own business 3 years ago and so far have done well, but he built a good reputation in his field before starting their own, she kept her good corporate job for benefits, and they are now looking to invest in property with the profits, hoping for more passive income in the future as they’ve realized how much extra work a small business is with compliance, licenses, workers comp, etc.

I believe that successfully navigating this initial investment will pave the way for future opportunities, whether in the same market or elsewhere.Living in New York City, I faced a challenging market ;)I chose Montgomery, Alabama.Here's my process:I compiled a list of states with favorable landlord laws.Using Brightinvestor, I identified cities within those states where the median home price falls below the national average ($420k).I excluded cities with negative income growth and rising unemployment rates.I focused on cities with strong appreciation rates over the past five years (over 10%).I compared price-to-rent ratios.I did break two rules: Montgomery has a slight decline in population, and its largest employers are an Air Force base and government agencies.One significant factor that influenced my decision was the promising price-to-rent ratio, suggesting potential for positive cash flow (though I remain cautious about appreciation).Regarding my acquisition strategy:I plan to employ the BRRR method with cash.

The money moves to the largest corporations and banks tighten lending which brings home prices down OR2.

This means that you will probably need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident.Any lawsuits should be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced, some debate as to SMLLC).

There are tons of qualified individuals who can help you shop products and their select lenders playbook utilizing the find a lender tab at the top of the page more often than not, an experienced broker who can help you shop a married of options, across-the-board of every lender in the nation is going to be able to provide some great value to you in order to save time on shopping.

Most are nation wide and will lend to wide variety of products such as a fix and flip loan, bridge, and long term DSCR loans.

*Keep a journal of my progress, and keep my REI journey in line and prioritized appropriately with my faith, my family, and my W2 job (Not planning to quit my day job any time soon).My goals for the rest of the year:*Keep doing the daily work*Continue to invest in education (Not spending $$$$ on the national gurus.

How hard do you think it will be to pierce the corporate veil when the property is owned by the LLC, but the mortgage is in your own name?

Hello, i am new to real estate investing but I already have an s corporation for another business.

If I created a child series to hold an investment property (not collects rents though, just hold), is the corporate veil already pierced since the Parent LLC collected income for my consulting business?