Flipping is actually more a business than it is investing and you know how much goes into that.

Im old school...my cpa is in the building next door and I like doing business face to face.

We have been in Business since 2000, survived the 2008 collapse.

He became a contractor, worked hard, and grew a successful business that produced a lot of money.

We want to grow our real estate business to be able to quit our jobs.

Quote from @Matthew Paul: I understand how businesses work.

Until then, I'll be trying to absorb everything I can to fine tune my approach and prepare for managing REI business post-acquisition.

I'm sure there's other stuff you'll want to factor in - what businesses are moving to and from each areas. 

Hi guys, I have some questions about putting property into LLCs/protecting assets, any information is greatly appreciated: Question 1: my understanding is that an LLC needs to be actively conducting business in its registered state in order for the LLC protections to apply, otherwise a judge could potentially pierce the corporate veil.

Oh I agree with you if that rent will be a business income to live on vs just an unrealized gain.