If you can get a 4 unit and a basement, that would be ideal and create major cash flow and equity creation, plus you can not worry about a property manager and boost your yield.

Originally posted by @Wilson Pereira:In my last question, I meant to ask if there is anything that needs to be filed with the state or if it's just an operating agreement change to add new officer positions to the already formed LLC.The officers for an LLC are positions creation by the operating agreement.

Investing in real estate provides: positive economic impact by creation of jobs, the ability to increase property values, support to local population growth, and revitalizes impoverished communities.

Yes the listing broker can refuse to present in my state if the seller has given them instruction not to do so in writing.You better have it written into the listing agreement or the sellers can change their mind on what they said verbally and throw you down the river.On the buyers broker side it might come down to representation.Since no broker agreement was signed with the buyer than that buyer is simply a customer and the buyer broker doesn't have a fiduciary duty to the buyer as a client just a customer performing ministerial acts.I don't know why everyone gets worked up on broker/agents.Just like investors rehabbing or buying properties is their business so is closing sales for a broker/agent.The broker/agent needs to decide what kind of business they want for the time invested.If a buyer broker is worried about time and low fees make the investor buyer sign a brokerage agreement with language that there will be a minimum commission of X on all transactions and the buyer will make up any difference in commission at closing that the seller is not paying from the guaranteed minimum amount.Running a business as a broker/agent involves knowing what you spend and what you get in return.Shotgunning low ball offers all over creation KNOWING only a small fraction gets accepted is not an efficient business practice.

LA went crazy .. people asking 600k for a money loosing proposition in South LA for a 1b  three-four-plex with GRM of 12-13 ... and get em sold .. either I am not getting something or we are seeing creation of yet another bubble created by wide eyed speculating idiotsPlease, put me on your list of buyers for your wholesaling in SB.Kind Regards,Leonid

if house hacking a duplex, a percentage of the rent of the non-oo unit counts against the DTI limits. cash flow helps pay the bills, but wealth creation is via appreciation.

RichYou state that you have no attorney involved in the decisions, have you never had an attorney advise on the Trust Creation?

People will tend to look to the regions of growth and job creation before affordability,  Parts BC and The GTA carry a very high cost of living but also some of the highest paying jobs and best party life in the provinces.

Aside from providing the basics (ie. listing tool to get the property published to 10+ major sites, scheduling tool to schedule viewings, tenant screening with comprehensive applications -- pulled reports from TransUnion, which include nationwide criminal background checks + credit checks + eviction history, digital lease creation tool, rent collection tool, and maintenance tracking tool), some services also offer your tenants waived ACH fees and additional capabilities which makes it an easier sell on your end when getting them to transition over (ie. their ability to report on-time rent payments to the credit bureaus; this can create an added incentive for making sure they pay that rent on time).

Then, there's the profits (my favorite dream).I've been considering creating a server on my PC and use a database creation program on it to track income and expenses as well as maintaining a contacts & prospects database.