.: When I started I moved to where real estate was the cheapest in the country.

Hey everyone,I'm new to real estate and I’m looking for feedback on a project I’m working on.

It's called land of 10,000 lakes but MN has closer to 11,500 and that just lakes of 10acres+.

Quote from @Havital Miltz: Normally you would set the LLC in the state where the property is.You have no tax benefits for setting up an LLC, it is more a protection from lawsuits and going after your personal assets, however not a guarantee....As a husband and wife you do not need to set up a partnership - IRS has special considerations for married couples for self employment, you could also apply that for a rental...Hope that helpsA joint venture is available to any 2 people co-owning real estate for investment purpose as tenant in common  under Proc. 2002-22 (unrelated to marriage) but it can't be owned in an LLC together. 

I'd highly suggest getting to some local meetup groups in MKE:  https://www.biggerpockets.com/forums/521-real-estate-events-...When you say you are considering alternative financing options, what does that mean?

Welcome to the world of real estate investing!

The returns that investors require is generally based on their perceived risk of the project and the investment period.With my CFO clients who do real estate development, most LPs in the small-scale residential space (SFR & 2-4 MF) are investing for 3-5 years and are looking for a preferred return of 8% with an IRR of 16%-18% for turn-key and 18%-24% for value add.

.• Networking & Local Groups:Engaging with local wholesalers and real estate investment associations can also lead to referrals for quality data sources.

I get that sharing a house isn't ideal but some people love the house hacking approach.Personally, if I own one piece of real estate, I want it to be the one I live in.

Hi I am based in Canada and looking to connect with others who are investing in real estate in the USA or Canada.