My accountant told me that I needed to move the property into the LLC (change the title/deed) for the property to be considered a rental. 

2024 will go down as, "The Year of Taking Action".Getting back in the game came with some challenges.

Biggest lesson learned was to keep at it, keep learning, and work with seller and title company to get the deal done.

They're the kind of pros who can dig into your plan, give it a good shake, and offer smart advice on everything from portfolio strategies to tax stuff.Sounds like it could be a game changer for you, right?

You might also meet title agents who have resources on, say, foreclosures or probates…and might recommend lenders who actually lend on more difficult projects (as the title companies also know which lenders can close and which are difficult).I also go visit open houses to see what sorts of finish to put on my renovations or to look for the next house or area in which to purchase.  

If you have ever played the Cash Flow Game, you are pretty much the poster child character in the game for a high-income investor.

Residents in flood-prone areas were offered newly built, elevated homes on safer ground in exchange for transferring the title of their damaged original homes to the city. 3.

On the flip side the clients I fund in my land deals are doing very very well in the foothill subdivision 50 miles or so west of the springs.. but thats the land game buy low sell high.. cant wholesale that stuff it needs to go on MLS to marketed and turn around time is generally 90 to 180 days but nice margins for my clients ..

But the risk to the seller on this deal is immense you have a guy tying up a property who has no ability to close it and then sell it to whoever will give him money and that person could be nefarious get into title rip rents could give 2 craps about the sellers credit etc etc..

This isn't analyzing deals, this is just playing a video game.