Hey all, How would you set this up?

Do you have cash set aside, cause $800k with value add is just unrealistic.

Leave onlookers amazed.Active Inventory is 3, 895 with 7.7 % Change Year-over-Year and total of 4.4 months of supply of inventory with 15.8% Change Year-over-Year.As February 2024 comes to a close, with its setting suns Miamis single family housing market stands as proof of resilience hopefulness and the everlasting essence of potential.Apartments; Where Hopes Come AliveOh the pulse of city life!

Set boundaries.

I have never seen the bids stop in the middle.Typically the reserve is set for the amount of money due and all other fees incurred.

There’s about 5 scheduled and they want you to ask questions and share your experiences, which has been super helpful.Tomorrow I’ll call an investor who reached out to me when I joined the program because I want to start doing cold calls to a pre-foreclosures list I have.

we are just starting out and we are wondering if we should set up an LLC or get any insurance before wholesaling a property.

David, rental income is passive income.Placing your rentals into an S-Corp usually doesn’t make sense from tax standpoint because you will be exposing all of the income to SE tax.If you have a portfolio of rental properties that you do manage yourself - you could set up a property management company and charge PM fees, this income will now be considered “earned” and eligible to contribute to a retirement account.

You can also replace the temporary construction posts with permanent support, but you will have to cut the floor at least 24x24 and pour a concrete footing before setting a new post on top. 

do you have a team set up to rehab, lease, and manage it if you purchase it?