Hi! I’ve been house hacking for the past few years. I am here to learn more about REI.

You, as the property buyer and payer of the note, need to ensure that the monthly payments are affordable based on the rental income generated from the property.The terms of the note (interest rate, monthly payments) should be structured in a way that aligns with your rental income and financial capabilities.We can go over how to do this if you would like.

Rent Out Their Home: Prepare your parents' home for the rental market to generate income.2.

Account Closedsome questions for you and things for you to think about:-are you trying to generate capital to invest with? 

My goals with REI is to generate as much cashflow and appreciation as possible, so I can get out of the 9-5 routine, build wealth for my future, and have as much time for myself as possible.Is Southern California a tough market for beginners?

I stopped for a while to do life coaching and energy work, and then I met a guy who was a broker that wanted to get more into the development side so we teamed up with his dad, a lawyer, and started up.As things have progressed, I am now finding lots of deals, and as it turns out, the guy I am working with is not really delivering the investors like he said he could/would so I am learning that part of the process now too as most of my deals sit quietly on the sidelines.

By default, a multimember LLC is taxed as a partnership.There is an opportunity to be taxed as a corporation(C or S) if proper elections are made.Just a reminder that an LLC is required to file a partnership by March 15 of every year.The partnership will generate a form K-1 that is required to be given to each member which is then used to complete their individual tax return.

Has anyone worked with a lender who has actually closed an FHA, VA or Conventional Energy Efficient Mortgage?

If you're not yet aware of this niche strategy whereby you can leverage your real estate assets (single family, multifamily, hotels, etc.) to generate significant long term cashflow, this is the podcast to watch. 

I work with a significant number of hotel entities, I can address this from a tax perspective, I'll leave the liability issues to the attorneys.The lessee / lessor entity structure can be used for a few different tax reasons:1) There is a REIT investor - in which case they can only have "Rental" type income, while hotel operations generates "Ordinary" income.