Is it a good idea to form an LLC to buy your first house hack?If so what are the advantages and disadvantages?What are some things that you can write off?Any feedback helps, Thank you BP fam!! 

What I found recently was a couple that bought a deal with a wholesaler on which it was told that it will make an 80% ARV (with lack of knowledge they believe what the wholesaler told them)After they completed the work they made a small 5% in the deal so they told me that the exit that business immediately.They needed a partner or more training to understand how it works, but I feel that when you don't know, you don't know so people is getting advantage of that.

There are currently about 400 permits still available.TOWN OF TRUCKEE, CALIFORNIAThere is a cap of 1,255; currently, there are over 200 people on the waiting list.

Along with the usual bush and grass jobs people would have us do house cleanouts, cleanups, and basic maintenance, so I know that I would not be totally jumping into unknown waters.

I would love to meet up and chat with like minded people in our area!

@Dave Ivery New people can and should buy RE but the ROI is less.

I'm proud of myself for doing it until the end when most people gave up after learning wholesaling.

That way all you do is watch other people do the heavy lifting while you cash the big checks.

but most people wouldn't do that - for multiple reasons: 1.

I've done this with my properties because I'm well known in my small town and don't want people to know what I own.LEGAL PROTECTION: By placing your assets in an LLC, you are legally separating them from your personal assets.