We have been working in the affordable housing space for some time, and this allowed us to partner with the local community and provide a housing solution they need as their city continues to expand with new jobs they are successfully bringing to town.

I'll work with an attorney to assist with drafting that.Q2: Yes, I'll talk to my CPA but we'll most likely hold the property for at least 1 year under the LLC given our timeline to design, permit, build and sell the property, meaning I should avoid short-term capital gains.  

It is also a great way to grow your sphere of influence and continually remind everyone and anyone that you are in the real estate business.Let’s focus on the big three social media sites Facebook, Twitter, and Instagram.

Whether it’s finding deals, running numbers, or just exchanging ideas, I’m always down to talk shop with like-minded investors.

@Bryson Ragsdale search "house hacking biggerpockets" in spotify or the Podcast app and that should bring up the ones that talk about house hacking!

He has talked about some of the deals he and his partners have recently completed, and they sound like awesome opportunities. 

. - I was in a VERY similar situation here in Chicago, but I had less experience working on my own than you.I had a piece of land that I owned free and clear, but since I didn't have any development experience, most of the banks wouldn't talk to me. 

Don't talk yourself into a place because of personal use.Buying a $475k condo that brings in 35k in gross rental income will lose a lot of money.

Send me a DM if you wanna talk neighborhoods or have any questions. 

I am in talks with a couple people now.