And if you join Lowe's Pros, you'll get an additional discount (it's free to join).

Hi Edward, To connect with more advanced investors in Spokane, start by exploring local real estate meetups through platforms like Meetup.com, Facebook groups, or BiggerPockets forums.

In addition to being a lender, I am an investor as well so if you want to give me a call so we can discuss your numbers, I'd love to help you out!

If a home is titled in a trust (or an LLC), the trust or LLC should be added as an additional insured to avoid potential disputes during a claim.To confirm, we reached out to an insurance carrier, who clarified:“A carrier can potentially deny a claim if the home is titled in a trust or LLC but the insurance policy is under the individual homeowner's name.

Flipping and rental properties are great areas to explore.

Have you and your wife considered exploring fully turnkey properties as an option?

Practice analyzing deals, explore surrounding markets if NYC feels too competitive, and stay persistent, closing your first deal takes time but is well worth the effort.Good luck!

I am still up there pretty frequently though so if there are every any REI meetups that you know about or a way to find those I would love to explore that possibility!

It’s worth reaching out to your local tax office to explore options.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.