Just speaking from a cash flow management/account structure perspective.As for someone being in the real estate accounting industry for over 2 decades, I can say that State Law compliance is big on this.

Given your financial constraints and the property's ineligibility for historic tax credits, this approach allows for reinvestment into assets more aligned with retirement account rules.For future real estate investments, you don't need an LLC for tax reasons.

There's no real right answer.

Hi, yes Ohio is a good place to invest in the real estate market.

I have been a Union carpenter for four years now and enjoy working physical labor. I would like to put my money to work instead of shoveling my money into the bank (mortgage) or to a landlord (renting). I currently am...

The beach has taken about a year and the jungle house will take about 4-5 years because we are paying off some seller financing with the revenue from the short term rentals.I would say that I can definitely make more money investing in real estate in the United States than in Costa Rica.

The best way to learn about how to really invest in real estate is to read books, listen to good podcasts, and pair that with going to in-person meetups so you can see people just like you, married with 3 kids, who are making it work for them.

This LLC has you as the managing member and 80% owner and can purchase investment real estate of your own or with other partners.

Have we tried asking him if he is interested in steady monthly income backed by real estate?

My wife and I are excited to get started in our real estate journey and BP has been a great resource thus far from the BRRRR audible I've been listening to!