Here are the terms:• 12-month term• 17%Interest(Annual)• Quarterly interest payments• Securedbyequity(not real estate-based) • $250k minimum investment• First-come basisFeel free to book a short 10-15-minute call if you're interested in learning more.Marco SantarelliPartner, Money Is MastermindBook a 15-Minute Call With Me Here----~---------Please notice that nowhere does he mention in his new solicitation the problems his business is encountering in the previous week’s e-mail !!

I feel like I e read before that 25% of net profit is a good rule of thumb to set aside for those taxes, but what have you all found to be true? 

I would actually suggest you spend that money to get your real estate license and hang your license with an e-brokerage. 

@Jeremy Altdorfer  Just adding to the above, the rent should be on Sch E of their tax return. 

I do these project, but I am going to PM you the contact info for an A/E with a lender that does larger investment projects like this.

stacks of capital for unexpeeccted repairs, zoning, headaces you simply can NOT forse e until it happens, and 6 months of the mortgage in reserves for vacancy/ job loss. 50k an d8k in credit is mayb safe to by 1 property. that 38k you think is left, not nearly that will be left over. so what is leeft..... theere are your reserve. you have noting left to get another property

E  I ended up joining Thach's mentorship program "Springboard to Wealth" after not really finding good support on Bigger Pockets. 

As a single-member LLC, the IRS considers it a disregarded entity, meaning the income, expenses, and other tax-related items will still be reported on your personal tax return via Schedule E.

I also suggest Michael Gerber's "The E-Myth Revisited" as well as his "E-Myth Real Estate Investor" collaboration with Than Merrill and Paul Esajian.Remember - 90% of this business is marketing so don't let all the other stuff, like obsessing over business cards, get in the way of that.Good luck!

@Fareen E.