AND I usually pay a little below market rent, but put a little into the cleanup or fix up of the property.

I’m almost 65 I have about 3 million in property and am strongly considering finding a non profit I believe in and gifting 2 million to them- you don’t have to pay taxes if you do that but they’ll take 5-10% of sale.

Keep in mind that your mortgage terms and insurance premiums will probably be less favorable in an LLC.

The truth is, another investor is always just one phone call or email away from taking what could’ve been your deal.So, as you navigate the season of celebration, keep this in mind:- Be ready to act, even when it’s inconvenient.- Every hour counts, especially with motivated sellers.- Opportunities don’t wait—neither should you.The holidays are about giving, but they’re also about recognizing opportunities and making the most of them.

But, that $50,000 investment will pay back $75,000 (beats wall street).

It’s something to keep in mind as you plan your move.Feel free to reach out.

I am excited to join BiggerPockets and start my real-estate investing journey with a lot of like-minded people over here.

Quote from @Anthony Dupre: @Chris Seveney Would you mind sharing a high-level overview of the structure your billionaire friends have set up?

Have been super interested in the Westchester market, been looking into New Rochelle,Ossining,and Yonkers  would love to be around more like minded investors looking In the same areas!

So we just did the best we could with what was available and it turns out the guests don't mind at all.