Me that is commercial real estate and owning some potential businesses.My main revenue generator is my commercial brokerage business.

One idea I would like to add to what they are saying is, if you are a single guy, another route would be to buy a house that has a guesthouse in the back and then rent out the main house.  

Also what method do you use to transfer funds from your property LLC's to your 'main' LLC, do you just call it a management fee and bill the child LLC's?

Additionally, this property is close to the airport so there is a lot of potential to turn it into an airbnb hub, leading to more cashflow and of course, more management/cleaning time.Long story short, would you take a deal with these parameters:- Asking price $165,000 (pre-MLS price) - Duplex consists of: 1 bedroom main floor and basement unit & 1 bedroom upstairs unit- Total rent: $1600/month (tenants pay utilities)Addendum: I just bought my first property with 11% down (before I found BP), so any suggestions (or links to forum posts/blog posts/podcasts) on creative ways to finance this deal, please let me know.Thanks BP community.

Trying to figure out the time cost to my main business to deal with a full BRRRR project from soup to nuts.  

Dear Houston,I have seen posts on here asking questions about how we can benefit from your loss.

I am seriously considering getting my license for the obvious benefits.. however, I am not so much interested in being a full time agent for just anyone.

Here is a suggestion for real estate investors flippers using QuickBooks-You should have four main stages in QuickBooks as Class:- Leads- Rehab- Sold- Overhead expensesKeep track of each property expenses immaterial you buy or do not close the lead.As each property progresses in the stage, change the subclass of the property.

Hopefully others can benefit from our story as well~Looking forward to our interactions!

Taking a "loss" certainly has some nice tax benefits (especially if you have a decent W2 job), clear those with an accountant.