I am in the Houston area and while I'm not new to real estate in general, I am brand new to investing.

Hi Brand, my accountant has always taken the property value and divided that by 27.5.

It always makes me cringe when I have a brand new (zero properties) "real estate investor" on the phone explaining to me how they "underwrite deals"..Be authentic people, everyone can see through it. 

It has 3 br and 2 ba.

In addition, if you are looking for more brand awareness this is a good option too.

a break even BRRRR is definitely not something a brand new investor who isn't well capitalized should try. 

The fact that its brand new might get you something more than $100k, but probably not more than $105k.

As a single-member LLC, the IRS considers it a disregarded entity, meaning the income, expenses, and other tax-related items will still be reported on your personal tax return via Schedule E.

I also suggest Michael Gerber's "The E-Myth Revisited" as well as his "E-Myth Real Estate Investor" collaboration with Than Merrill and Paul Esajian.Remember - 90% of this business is marketing so don't let all the other stuff, like obsessing over business cards, get in the way of that.Good luck!

Hi all, Brand new here.