@Seo Hui Han you're not going to get very far in this business if you don't start thinking through the nuts & bolts of how this all works! 

Quote from @Russell Brazil: Quote from @Ade Akingbade: Last month, I purchased my first rental property in Baltimore for $117k and invested an additional $13k in renovations.

Thanks for the kind words @Russell Brazil and @John Mason. 

@Russell Brazil It's not the multiple LLCs, its the fake addresses.

Quote from @Russell Brazil: There was a 2024 bill introduced and passed regarding wholesaling.

Quote from @Russell Brazil: Create a written set of criteria.

I dont agree with this thought process never have never will.. its all situational.. or as they say in RE location location location.in markets with slow to historic negligible appreciation sure it does not take a rocket scientist to run the math that if your negative cash flow and the house is not going up its not the greatest investment your value play there is tenant is paying off the majority of the property and your getting some tax bene's if its not bare land.If we used this thought process IE the only good deals are ones that are positive cash flow day one with max leverage  80% loans then as @Russell Brazil states no one would invest in the majority of the east cost and West coast and well Denver and other select cities.. everyone would be in the Rust belt and mid west or deep south in C class properties. wealth is created for most investors with appreciation full stop.. because most investors cant buy enough property or doors to make a difference when cash flow is 200.00 a month your not going to retire on that. your going to retire on paid for nicely appreciated property.

Quote from @Russell Brazill Brazilell Brazill Brazil: Quote from @Yasmin Mughal: Hi, I'm considering purchasing a home near Frederick that has been on the market 9 months !

Sellers are still nuts.

The Operating Agreement is the foundation, nuts and bolts of your LLC.