Common expenses include:- Attorney Fees: Legal assistance for reviewing contracts and ensuring compliance can vary based on the complexity of your deal.- Title Insurance: Protects against potential disputes over property ownership.- Appraisal Fees: Necessary to determine the property’s market value.- Closing Costs: This can include various fees related to finalizing the loan, such as recording fees and settlement costs.Inspection Fees: If required, this ensures the property is in good condition before purchase.It’s a good idea to discuss these potential costs with your lender upfront to get a clearer picture of what to expect.

Pre Payment Penalties of 2-3-5 years are common but can be bought out of in upfront points or increased interest rate.

A legally suited detached with garage is around the $375k - 450k point (in decent shape). 3 bedroom, 1.5 bath main floor around 1100 sqft can rent for $2000-$2200 a month (utilities included). 3 bedroom, 1 bath basement can rent for around $1600-$1800.

As a real estate investor, I’m sure you are wondering how you can utilize AI in your portfolio and on your properties.

I've built my network through different industries but real estate is a common theme in our investment strategies.

Your question is a common one, especially for new investors who want the liability protection of an LLC while minimizing the risk of triggering the dreaded "due on sale" clause.

You have many things in common with the other owners I mentioned.

Just frustrated with how difficult it is for people to adopt intelligence and common sense, backed by data and evidence, yet it is effortless for people to religiously embrace absolute NONSENSE.

But would me and my spouse being on the title together and just me as the only solo member in the LLC be a “common ownership” or would it have to be exact and me have both of us as members of the LLC!

The 70% rule is a formula commonly used by real estate investors as a barometer when purchasing distressed properties for a profit.