Your first deal in real estate is rarely your best deal, but you're creating opportunity for yourself. 

I currently own two properties out of state and wondering if I should create an LLC or not?

Maintain detailed records of all renovation expenses to substantiate deductions and ensure compliance.This post does not create a CPA-Client relationship.

FYI, I went to Credit Union of Texas as well as Bank of Texas and they said they can either create account for Parent LLC or Child if the child has it's on EIN, so that's that! 

Your LLC that flips might need to be S-Corp eventually.This post does not create a CPA-Client relationship.

Document all rental-related expenses and mileage carefully for tax purposes.This post does not create a CPA-Client relationship.

To fund additional investments, consider side income, creative financing or creating a timeline with your co-owner for converting property B into a rental to generate cash flow.

Nursing is a great occupation to create runway and to keep as you delve into real estate because you can adjust your hours, move to travel, etc.

When I got started I fell into this trap of trying to create all this complexity and then realized it was not worth it at all and all it did was create chaos and add more costs.

If you’re in that cash position I mentioned above, then we might be a good fit to get on a call so I can show our process which is complete: 1) finding and buying the right property 2) creating a top product from that purchase with a world-class designer on my team 3) co-hosting/managing that property at a discount for clients to ensure you get more money and have a product that lasts.you can also follow me on IG @tampa.rei , I’m actually about to post a walkthrough of a property that was being managed by one of the most popular PMs in the country and in just 1 yr you’ll laugh to see what state the property is in from poor management!