@Michael KattouahOne of the few things that I've learned in college that has actually stuck with me is that life is an income statement game, not a balance sheet game.I'll pay you $100,000,000 for a $300,000 house if you let me pay you $1,000 a month for the next 8,334 years.

BP and all the other Rental courses and books and gurus try to make it sound easy to own and rent houses for Passive Income.

.- Operational independence allows each series to maintain its own bank account and records.- Risk management ensures that problems with one property do not affect others.- Flexible transactions make it easier to sell, transfer, or refinance individual properties.Considerations- State variations mean that not all states recognize Series LLCs.- Management complexity necessitates careful documentation and legal compliance.- Lender familiarity issues arise as some lenders may not understand Series LLCs, thereby complicating financing.A Series LLC offers a streamlined, protective, and flexible way to manage multiple real estate investments.Thanks,

We have an accountant that will be doing our taxes, but I am in charge of keeping the books until tax time, and I want to start off on the right foot and keep my accounting very organized.Thanks so much everyone!

Most real estate earns you money over a longer period of time and people don't want to wait, plus with the current interest rates, you can park the money in a savings account and do pretty good with no headaches.

On a positive there are 15-20-30 year amortizations and increasing income qualifications including instant approval and AVM (no appraisal requirements) for very clean applicants, and creative documentation for self-employed borrowers or investors such as bank statements or even DSCR (usually up to 75%LTV) for investment properties. 

I own a triplex and was wondering if I could use one unit as a short term rental to offset my W2 income as a trader business.

If your competition is at 60% cost to income, then you should be close to that

That makes a lot of sense Account Closed.

They have added that you need to create an account, but it works pretty well.What you want to do is figure out exactly what you want and where, then start comparing.