Furnishings and outfitting run about $20/ft professional but if you DIY at $15 and its 1,500 sq ft $22,500.AirDNA has the property at $65,000 Annual Gross.

About last year I made a business venture whilst in college in something called Amazon FBA and I asked a forum just like this one and everyone told me it has way more risks and that they are not confident that it is a solid investment/idea.

This could let you start building relationships with others in your area (and potentially lead to joint ventures later) and to build up your working capital.

@Nate O.To spark your son's interest in real estate, begin by teaching him financial basics and slowly introduce real estate concepts through hands-on experiences like simulations, shadowing, or DIY projects.

I'm venturing into multi-family purchases through them now, and we will see how that goes.I appreciate @Tyler Jahnke documenting the realities of his experience with them, instead of speculating on what "could be" based on horror stories heard from someone who has never actually invested with the company.I can attest to the communication leaving something to be desired, and I can tell the company is working on that aspect, but the true end goal of consistent cashflow seems to live up to it's promise so far, 18 months on.

Mentorship and joint ventures are excellent ways to gain experience, and it’s essential to start small, communicate clearly, and build trust.

No idea who regulates a crowd funded venture...isn't that idea that many, many people put in a little bit of cash to create a large pool?

If you live in California, the FTB still wants its $800 per LLC, no matter where your properties are.Question B:When it comes to setting up an LLC, here are three common approaches:1.DIY Approach:In most states, you can set up an LLC yourself for less than $100 in filing fees, depending on the state.

I mentioned these specifically because the people running them have high integrity and what I would caution people on is all the new debt funds popping up that are being used to fund their other ventures that are in trouble.

You will also be able to show you have good cash reserves, good credit, a W2 (they don't care about job gaps) and you were part of a successful Joint Venture with an experienced fix-and-flip investor.  3.