After the dust settles, and that includes business overhead expenses, chances are you might even have a loss. 

The bigger the investment, the bigger the risk, so it's smart to start a little smaller and learn as you go. 

She made what could have been an even bigger nightmare into a breeze!

Welcome to Bigger Pockets !

Welcome to Bigger Pockets Joseph! 

It won’t make you rich overnight, but it will give you a full understanding of the process, so you can take what you’re missing and implement it in your business.The best way to steer your business is by seeing the bigger picture.There are tons of reputable programs out there, such as the following:(I’m not affiliated with any of these—just sharing for your convenience).Sean Terry's program- Flip2FreedomWholesaling INC - Various mentorsJerry Norton - Flip Mastery And like I said, many many many others...invest in understanding the bigger picture and it can connect you to succeeding on your own terms

Hi I’m new to the Bigger Pockets forum and I had a question.

@Adolphus Fletcher For multifamily investing, most real estate investors typically use an LLC for several reasons:Liability Protection: LLCs protect your personal assets from lawsuits or debts associated with the property.Pass-Through Taxation: Income and losses from an LLC pass through to your personal tax return, avoiding double taxation seen in C-Corps.Flexibility: LLCs allow for flexible management structures and are easier to maintain than corporations.Anonymity: In some states, LLCs can offer a degree of anonymity if you use a registered agent and form the LLC in a state that doesn’t require public disclosure of members, such as Delaware or Wyoming.S-Corps are should be avoided for real estate investing because of various reasons.

Rawle Welcome to Bigger Pockets!!

Is there even any benefit to that if all the activity is line 2 rental re income/loss on the K-1?