Do you just pretend that unit is rented at market rate?

If someone falls down the stairs (or pretends to) and sues you, they can only go after the assets of the LLC, not everything else you own.

There are just those who pretend they do not have those feelings and then those who are strong enough to talk about it.I used to be so poor my diet was Ramen noodles all week long.

JasonTwo things, I never ever had a problem with a banker saying to me you have these cash flowing properties in good areas and that might cause a problem and yes I know the banking industry has produced many, many idiots the last few decades but the only thing that started to show up for me during the pretend banker period was the number of loans that you had, no matter how good your asset sheet was. 

Tell them you don't bother with biz cards because they're for people who like to pretend like they're taking the right steps but in actuality aren't - they'll understand.Biz cards are overrated and every new wholesaler or investor has one.

Now you pretend to completely agree, or, if you've mastered the Jedi mind trick of it, convince yourself that you agreed all along.

And Greenland means "Green Land", but it doesn't make it so :)  I don't think anyone said that the only way you can built wealth is through debt, but pretending that leverage cannot significantly increase your cash flow and ultimate net worth is folly.

It's threads like this that really hammer home my belief that some people would be better off working at a mall kiosk instead of pretending to be a real estate "investor"... 

ARV’s as well but to pretend a 80k full gut rehab in south philly gets it done anymore is just silly

@Kris BensonI am a real estate investor in South Carolina (buy and hold - over 150 family owned properties )I have many contacts in my area as I started with Father upon graduating (Clemson - BS Accounting- 1990)——/I have other businesses and have been blessed over the years ——I started a new business this year - And have a local who proposed the following ——They have a 6 acre commercial property close to I 95 (within ~ 1/4 mile) They pitched that I build self storage facility - start small and test market and build from there ) She has land - I build ss facility and split profits I would like to enter this field and have many acres myself (4 acres right on interstate 30 minutes away - etc - etc )I would love to partner with someone in this field and build modern ss facility - start with that property and grow with them and with my own land I don’t want to start from scratch to reinvent wheel (dont pretend to know best way to attack project but have contacts in every field relating to construcrion )This area is own fire - population escaping lack of proper infrastructure of tricounty (Charleston, Dorchester, Berkeley) area bc of recent growth New businesses include -Boeing , Volvo etcThe lack of modern ss facilities in this particular area of partnership.