With other owners, they will have a separate account, could be XYZ LLC,  Alpha under their own EIN, all owners/members may be required to be on the account, but then you limit the signature authority to those seected, could be just one other owner.Taxes are consolidated for sole owners, other members then use the K-1 (I believe it is) breaking out their income.

This is a tough one because your situation, income, risk tolerance all come into play when recommending other tax strategies.

What's great is after 1 year of your first purchase, you can purchase a new primary home and move into that one, with your remaining entitlement, having 2 VA loans.

I hope this helps anyone looking to either get into or scale their real estate business.Giino

Once you do have a good, consistent contractor you work well with you can also try to have them buy into the deal so they get a percentage of the profits and they put money in the deal.

It's a great way to increase your net worth and these loans can also be used to pull cash out of a property as it appreciates allowing you to reinvest money into new deals.

If you just hire the cheapest or first PMC you speak with and it turns into a bad experience, please don’t assume ALL PMC’s are bad and start trashing PMC’s in general.

Do you want to have your money tied up in an investment that's breaking even and waiting for appreciation/interest rates dropping, or put that money into a new investment that could generate cash sooner?

IE; If you are looking at a P/L for last August, but annual property taxes are due November, you are not getting a good "monthly" snapshot.If this is due diligence, you will also want to verify the data being placed into revenue and expense.

I’m diving into the world of commercial real estate and am excited to get started here in the Minneapolis area.