It’s exciting to hear you’re planning a trip to Indiana to explore investment opportunities.

Are you set on starting with a larger property, or would you be open to beginning with something smaller to build experience?

Selling and exploring a 1031 exchange could make sense if you can find a deal with stronger cash flow or faster equity growth, but the key is comparing your current return to what your skill and experience could generate in another investment.Here to help,Jorge

Also, why do you think so many people are advised to get an LLC when starting in RE investing? 

If they’re really in a bind, you could even explore something creative, like seller financing or a subject-to deal (where you take over their mortgage payments).

Hello everyone,I just closed on a house and am exploring the possibility of turning it into a mid-term rental.

What would be a good way to approach them to explore the possibility of purchasing?

Together, the property nets us roughly $1,400/month after expenses.Equity Split: My partner owns 60%, and I own 40%.I'm exploring ways to take out my equity without disrupting this deal, as I feel this isn't the best financial decision for me right now.

Start with BiggerPockets Ultimate Beginners Guide (free).

My interests lie in all areas of real estate, and I am eager to explore potential opportunities and gain insights into effective strategies.