I wanted to share some of the cost effective ways I know of to buy building materials for your BRRR or rental. * I have a lot of luck with Facebook Marketplace.

If I'm able to track down owner-of-record and get them to quit-claim warranty deed to me, and there are no other liens [Note:  There's no such thing as quit claiming a warranty deed, so I'll just assume we're talking about a quit claim deed]: (a) Does that effectively terminate their interests and transfer all rights to me?

Cheers to new beginnings and fruitful investments!

But at this point do not want to get too much ahead of myself.So, basically, keeping my current situation in mind, how to form an LLC, any specific type (cost effectively) and move my property into that LLC and eventually all my finances too.

It is not impossible, but building a team that can communicate effectively is going to be key to getting this one done.Good luck!

Active Income - Passive income, from rental real estate, is not subject to high effective tax rates.

Not my first rodeo, but Matt's advice helped me negotiate with the seller much more effectively.

I think the issue comes frankly when the advice is bad and/or harmful to the audience which is obviously subjective, but someone going on a podcast and telling you how to do a 1031 well to me is a lot different than telling people how to invest in real estate using “other people’s money” or sub-2, I also think the site needs to consider the broader effect on the public with some of thier strategies, for instance I’m not opposed to people buying “off market” if it’s done ethically and with everyone being on the same page, but you tell a broke 22 year old to buy “off market”  and they are going to take advantage of old people, I’m not totally confident biggerpockets even understands its own audience, I used to host a real estate meetup, I had to stop because it was literally meeting after meeting if me taking some 22 year old kid out of doing something either stupid or often borderline illegal, it wasn’t fun after a while, but like that’s the core bp audience at this point more so than people like me & you.Thanks for those kind words all. 

I believe that POH homes though inconvenient can be managed effectively if the market conditions are correct. 

The ripple effects of global events and economic policies reverberate through our region, influencing interest rates, inflation, and housing affordability.