Hi there! Terrified new homebuyer here stepping into the world of real estate investing. Looking at house hacking a duplex to start. I'm open to any and all advice you have! Grateful for Bigger Pockets and all their t...

I am looking to invest outside of California for the first time.

This past year they have started paying rent late to the point where the total accumulated time is about 3 months of back rent due.

I am close to purchasing my first sfh investment property.  I have purchased many homes in the past as personal residences and always with the help of an agent.  Is it customary to offer something less than asking price?

You can search for him here on BP and see how many times he has reached out to help people with timely expert advice. 

However, I have contacted the Secretary of State office and it states on their website that there it is a one time filing/fee to form an LLC there.You will typically want the LLC setup where the asset is located. 

Hi David, take as much time as you need to learn the Nashville market.  

Buying existing plans and tweaking them through an architect could save time and money compared to a fully custom design.

@Chris Mahoo many new investors don't take the time to properly understand RE investing.1) Many are using approaches from 2010-2018 when Class A property prices were so low from the Great RE Crash that an investor could cashflow and get pretty easy Class A tenants to manage.2) If you look at what investors were doing before 2008-2010, most were buying Class B & C rentals.To make it worth while, an investor either needs to Fix & Flip or invest & hold rentals for 10+ years.- Over a 10 year period cashflow will increase as rents increase (rents typically rise faster than property taxes, insurance, etc.)- The property should be appreciating, if purchased in a good location, increasing the owner's equity/wealth.- Rents will be paying the mortgage off, increasing the owner's equity/wealth.- If you hold a rental until death, you can pass it on with a stepped-up cost basis, limiting captial gains if then sold (limited by inheritance tax limitations).Too many newbies on this site trying to replace their day job income via "passive" real estate investing w/o digging deep enough to understand how it really works.

It’s a full-time commitment, especially when you’re just starting out.