Since each of your LLCs owns 50% of the holding company, but the holding company doesn’t own your individual LLCs, the IRS will likely treat your LLCs as separate, single-member LLCs for tax purposes.

Every dime had a purpose and the majority went into the rehab.

When I started, I first wrote out my 3 main objectives for my portfolio, which was cash flow, appreciation, tax benifiets in that order.

I’m simplifying the numbers here to focus on the main concept, so I’m leaving out factors like expenses, improvements, property management, repairs, etc., for now.Here’s the scenario:- I bought my house in 2022 for $1MM and used it as my primary residence.- In 2024 (after 2 years), I moved out and converted it into a rental.

@Brandon Morgan I’ve house hacked single family and am currently living in one side of a duplex I bought for investment purposes.

Lastly, unless you're married to this particular property, you should keep an eye out for other properties that just might be as sweet a deal.Also, about the HELOC, once it’s funded, those funds can generally be used for any purpose but double check with your lender JIC.

I'm not sure what your main goal is or how big you want to scale but you probably won't have any type of set back up until you get passed 35-40 units or so.

Our main issue is that we are getting exhausted with people who say they're cash buyers and can't produce a POF.

my main breaker only has hundred amps, but since the AC has a separate meter one guy was saying it’s OK to hook it up to the main panel though

Quote from @Stephen Predmore: @Christopher Baldwin On the main Forum page, you should see a magnifying glass in the upper left corner of the page.