Creating habits that lead to success is how you’ll build momentum.

We've created a concept called the Three Pillars of Real Estate® --> Market Cycle Debt & Exit Strategy.Once you learn how to use all there in conjunction, your risk decreases, and you start to build a real estate business.DM me and I will send you a copy of our book Creative Cash, which dives into the topic in detail.Gino

Planning to treat the LLC as a partnership where I will sit as a GP and create another Blocker LLC Corp that will be treated as an LP.

Highly advise taking the ADU and the first floor unit and creating a master "single lease'.

But, they will owe you that money whether regardless if whether they buy a property or not.It is when you tie your compensation to the actual closing of a real estate transaction, whether flat fee or percentage based, that would create trouble for you regarding licensure.

It goes deeper than that.NYC Liberal policies, including strong tenant protections, increases the risk of failure so much that the risk far outweighs the rewards.Financial ruin is just around the corner for the small Mom and Pop Property Investor that it doesn't make sense for them.The Tenants will have free Attorneys that are bent on delaying eviction cases so long that it stretches into years while Mom and Pop suffer from lack of rental income and still have to pay all the bills and do the management.Additionally, the increase in homeless living rough in the streets due to Sanctuary laws causing a lack of shelter beds, then evicting shelter residents after 30 days creating more homelessness, policies that tie up the Police's ability to arrest perpetrators, etc. only causes Mom and Pop to sell out at large discounts to larger Landlords who are capable to use Economies of Scale to eek out a profit.These larger Landlords will eventually turn a much higher profit as the pendulum will eventually swing towards the middle when the NYC Voting population eventually realizes that it's not a conspiracy of the Rich that's causing the Wealth Gap to increase.It's the same liberal laws that encourage people to become lifelong tenants, small Entrepreneurs (including Property Owners and small Mom and Pop Businesses) to be destroyed, and Rents to rise astronomically as housing becomes scarer even when the population declines by as much as 7% in the last several years. 

While this isn’t ideal from a transparency perspective, it’s a foreseeable outcome when the regulation doesn’t directly impact flipping economics.The Bottom Line: While AB 968 may promote transparency in theory, its real impact will likely create more complexity and hurdles for sellers of distressed properties and newer market participants rather than significantly altering the business strategies of established flippers.

The analysis can be done by your CPA.This post does not create a CPA-Client relationship.

This creates a more personal connection and allows for a better discussion about the property and financing options.### 3.

Is it not true that when you lease your property to an LLC and have the LLC manage tenants, you create a legal barrier between yourself and the property’s operations.