NOAlso, is splitting the meter something that the electric company can only do, can a handy man do it?

We have a full cleaning team, cleaning inspectors, operations manager, full time maintenance man, and a full time director of owner relations, then us.

Need to get that credit up my man. 620 Fico is going to kill any good rate you'd look at.I've got programs but its not a pretty rate.

Hello friends,I am a new BRRRR real estate investor working and living in Germany.Just incorporated LLC in US and willing to buy my first rental property soon, The question here is the "Refinancing" part, As far as I learned that I cannot refinance unless I have a credit score, right?

If you really dive into it, it can take you all the way.Sorry for the long post, I am not known as a man of few words.Feel free to reach out if you want to chat about it. 

Sorry to hear this.I would always say that "There is nothing wrong with any property as long as the price is right".Granted, some are not salvageable and the deal doesn't make sense even if the seller paid to me to take it lolOver the past 10 years I have witnessed many investors trying to do the same thing as you.Purchase from afar without buying turnkey and trying to do it themselves.This has been popular especially the last few years.Not many succeed unfortunately or they don't succeed in my eyes as they are into deals for much more than what they should be.There is a big trend going on where folks are made to "feel involved" with the purchase, rehab and property management process.The properties look great and off-course they do as rehabs cost $40,000 - $50,000.It doesn't sound like a lot of money for folks from CA and NY but for our local standards it is and IMO kills the cashflow and is unnecessary overcapitalization.Each to their own I guess.Just had a call the other week with a fellow from CA that bought a few turd properties from a local scam artist and is flying to town to try and rehab them himself.Another fella I managed to save even tho he lost his deposit of $1,000 as the seller (Another known scam artist) made him commit to the deal without allowing an inspection or even a walkthrough...If that isn't a red flag then I don't know what is 🤷‍♂️Hat's off to you for flying into to town to see the property for yourself.Wishing you much success Thanks man, yea luckily I had great agents that do 100+ transactions a year helping me and who I know personally and trust. 

My next goal would be to invest in out of state short term rentals and add those to the portfolio, but not sure how that would impact my LLC if I create a Wyoming Trust/Holding Company/LLCs and foreign file for incorporation into Connecticut to complete the first deal for the duplex, but then what happens when I want to invest in out of state investments deals/opportunities/homes? 

When is the best time to start incorporating these professionals during the journey? 

You simply pick a name and create your articles of incorporation it will provide you with an EIN number go to your bank of choice and open up a business checking account.I live in Florida and have created multiple LLC's on that site in minutes. 

The way I look at it, "The Tax Man" is a (silent) partner in everything you do.