Hello All ,Firstly , Happy new year to you all ..Very New to investing so have some basic questions and they may be silly but would like some inputs from you all so I get into investing in 2019 When investing out of state - Is it better to get loan against the property from the lenders based in the state or it doesn’t really matter one just requires a pre-approved loan.People who have more than 2 properties have you opened a company to charge your expenses?

Hey BP fam, I just signed up for the REI Pro and am looking at Pre-foreclosure units in my area. 

Tax roll says it is 1040 sqft3  1.5It has a huge detached garage.I picked it up for 76k. 

More importantly on the renovation loans and I do a lots of them is that you can roll in up to 6 months of the mortgage payments during the renovation of property is not inhabitable, so technically is owner occupied but you can’t live in it during the repairs.

I am a buy and hold guy myself, only been at it a couple years but am rocking and rolling with 4 paid off low cost rental properties, I‘m not rich, just been hustling around and being creative by using my resources.

Hello Kenny we really appreciate you taking the time to share your contact. yes a Duplex I'm pre approved but would really like to ensure a quality PM

PPM start with "Private" and the law favors those with a pre-existing relationship.Depending on which 506(c) exemption your PPM takes, some of the ideas you listed are a violation of the law and could get you in serious trouble. 

Debt snowball these properties while fund Roth IRA, 403b after appropriate CapEx/emergency funds for the properties.How has this played out so far.Got pre-approved for an absurd amount at the moment, but will not use all of it because that is contingent on double full-time employment.Somehow managed to look at three properties in December, only had four days off, all of which ended up requiring cash buys due to disrepair, estate sales, foreclosure.Currently networking for hard money, private financing, while continuing 65-80% savings rate.Will reduce my days of work, get some ski days in the winter and mountain bike when its warmer.

I was pre-approved using Lima Capital for only $50k.

Having changed jobs a few times, I also have a traditional IRA where funds from old 401k's have been rolled.