This simplifies asset protection, partnerships and organization of finances.LLC A is a real estate investment firm - Branded and loved by all.LLC B is a holding company for the property, it owns the Deed.Now LLC B could be split between 70% investors and 30% LLC A.

A liability takes money out of your pocket.Kiyosaki is good at simplifying complex concepts.

Hi Ashley,Just to clarify a quick point regarding the distinction between a "rate and term refinance" and a "cash-out refinance"We can use the following simplified "BRRRR" example...Purchase price: $100,000Rehab amount: $50,000ARV: $225,000Initial loan for purchase/rehab: $127,500After you've repaired the property and rented it out, you wait the seasoning period and then refinance...A "rate and term refinance" would just replace the initial loan of $127,500 with a more favorable interest rate and a longer term length.

Law office of Doug Mercurio for the closing, JDCU for financing, and Simplified Management for PM

I've heard people having success with things like taskrabbit.com but Craigslist definitely simplifies things a little.

Yes, Doug Mercurio was our attorney, JDCU gave us the $$, and Simplified Management managed the tenants during the transition of ownership.

I am a real-estate investor and looking to the bigger pockets community to collectively voice any problems that you have ran into throughout your real estate investing career that could potentially be solved or simplified through software.  

To simplify you are short of 250 from market rate, but you are saving 10K in reno cost, so the renter can stay for 40 months and pay 650 and you will still breakeven if you spent 10k and rented for 900. 

Ultimately this will simplify your life and make investing a more hands-off ordeal than fishing for a real estate agent to bring a tenant each time you have a vacancy.However, if you are PM averse, Zillow Rental Manager is your best single-stop for procuring a ready, willing, and able tenant in my experience.

So just a simple doubling, this simplifies one aspect :) Yes, I've heard for that plan to phase it out.