A little background about myself, I am an engineer for an aerospace company in CT. During my "spare time", I enjoy playing/ watching soccer, kick boxing, traveling and reading books. Like many of you, my aspiration to...

that will be the biggest ding on your credit score, is keeping any kind of balance on the cards, the higher the balance, the bigger the ding.  

Welcome to Bigger Pockets, @Chris Sullivan!

So enters the business mindset and philosophies of Robert Kiyosaki plus the pivotal discovery of the Bigger Pockets podcast / website which I am now an active pro member.

Can carve out responsibility and control of profit loss and agreement for common expenses within existing LLC.

Everyone is making this into a bigger deal than it is. 1m sf & 25k jobs is a drop in the bucket for NYC.

I’m new to bigger pockets and I’m eager to get your thoughts.

Real Estate income is considered passive and losses will only be able to offset passive income.

For example, the tax savings on a four plex that is only renting 3 units would be higher than average because it would look like I am taking large losses from the unit, when the losses are offset by savings from rent in another location. 

Do a couple of deals with normal timing, pay the lender back, then share the bank owned scenario with them, they might want to partner with you.And in the 17 years of doing business, I have never had a private lender ask for a credit report, an appraisal or an inspection, they did, however, want to see before and after photos and profit and loss sheets of deals I have done (a few of them anyway) Once you build up a reputation of doing deals and using private money, you can get funding fairly easily for regular closings and build a track record with those lenders and they might fund instantly at the courthouse steps