These were financial mistakes we made when we were younger, and unfortunately, they snowballed over time.We currently rent but own a rental property out of state that cash flows $600/month and has about $190,000 in equity.

I think I can open another personal checking account at the bank I already have and it'll be under my name but i'm trying to buy out of state rentals with an LLC I own.

If you hear from him again or an attorney, be sure to respond immediately by your own attorney if necessary.Not sure what the laws are in your state, but you want to do whatever you need to to confirm the tenancy has ended (whether that is by abandonment on his part or with proper notification to end a month to month)

And I started out intending exactly that.I gave developing a personal brand and a strong internet presence my heart and soul.

If directly to the seller, then you need to ensure that the payment is made, but also that it is made to the person who is entitled to it.

Creative strategies like lease options allow investors to control properties without owning them upfront.

They are either speaking out of their limited experience or claiming something is legal or illegal based on personal preferences. 🤓🧐  thanks  Scott:) I agree.

Technically as the manager of the LLC you can open an accout with any financial institution though they don’t all cooperate when it’s an IRA owned LLC. 

I am ready to start investing in real estate but know no one personally already doing it.Thanks a bunchExcited to start learning and connecting with Bigger Pockets community! 

Purchase price: $425,000 Cash invested: $5,000 ell after just 6 months of owning.