Then either the county or city condemned on at least two of the buildings and demolished them.The goal of real estate investing is financial freedom.

I'm thankful that my parents were able to live the American dream before my father passed away, and that my mother has a secure financial future during her remaining years.Its difficult to get ahead even if you can speak English and are educated but how much more so if you are a poor immigrant.

That's huge.My 2 cents is to ensure you keep up with all business-related and property-related financials (aka bookkeeping).Bookkeeping for REI companies (especially rental property companies) is super nuanced.

The goal of real estate investing is lifelong financial independence.

A financial person to help you handle your books?

This can provide additional liability coverage beyond what your regular property insurance offers.Steps to Consider:Speak with Legal and Financial Experts: Prior to making a choice, get advice from a tax and real estate lawyer.

You’ve made a great point about checking the borrower’s track record on completed projects.

Hey @Adolphus Fletcher,When it comes to avoiding personal guarantees on mortgages, especially through an LLC or S-Corp, here’s what I’ve learned:In the beginning, it’s tough to avoid personally guaranteeing loans unless your business has strong credit and a solid track record.

If you’re focusing on specific property types (single-family, multifamily, or fix and flips), I’d be happy to help analyze the financials of the deals, without any concern about me sniping any good ones you find for myself, haha.Let me know how I can assist!

While a detailed log is often sufficient, adding additional documentation can strengthen your record.