Hey India if you use HML do you plan on refinancing?

I will preface this with the fact that I have a legal background, specifically with estate planning and asset protection.

I know I can get an insurance plan, but is it worth the headache?

Suggest you get your game plan in place first then go forward once you have the goal in sight.

I'm planning on flying over, just trying to gather info right now and trying to decide where to start.Have a great day!

If you plan to invest in multiple states or require advanced asset protection, consult a CPA or attorney to explore options like a holding company structure.

I am starting out and planning to make my first RE investment in the Q1 2025.

The struggle comes when you plan to sell, pay close attention to how the bank would treat the loan in the event you would sell.Even though its a bit more work, banks are typically open to these loans as it provides them with additional collateral in the event of default.  

Cash for keys is probably not effective since they don't have anywhere to go [most LL are not likely to rent to them] however, I plan to have that conversation and offer any assistance with moving.Thanks again

If purchasing new real estate as part of your reinvestment, a cost segregation study can maximize depreciation deductions, offsetting future taxable income.For effective planning, assess how the sale price is allocated between real estate, tangible assets, and goodwill, as this determines the tax treatment.