Better hurry up and get your permit so your house can sit vacant all summer 🙈🙈Everyone’s selling right now to escape the Poconos market - houses are flooding the listings bc no one’s making any money.

I would then plan to use this forced equity (since I plan to buy a fixer upper) to invest in another home.I have been constantly reading to househack right into the MFH, but this may take some time for me to acquire the money and purchasing power.

They told us to pay them more money and we can see how much electricity it uses?   

California does charge an $800 fee for the LLC and if it's NOT disregarded to you then you must file a tax return (more money.) 

The idea that you can build wealth without putting any money into it is a recipe for disaster and the sales pitch of gurus trying to steal your money.

So in his mind you need to put high end finishes in a duplex versus basic finishes in a detached single family, but then this becomes an apples to oranges comparison.The only real way to know is to have plans drawn up and get actual bids based on those plans.  

I am looking at structuring a deal and I'm worried the DSCR will be too low and the deal may benefit from restructuring by purchasing the 2 vacant out of the 12 otherwise occupied units with hard money as opposed to trying to purchase all 12 with a institutional loan just because I'm worried the 2 vacancies will drag down the DSCR for the new purchase.    

I know there are many avenues to go down for funding, but I am looking for good advice on the best approach for this, and if using investor money is the best way to go, what is the best way to set up the payout back to the investors, via.. partnership or ROI. 

So although the common wisdom or recommendation is to talk to a lawyer (which I did) I'm getting conflicting advice on this whole issue of Wyoming LLCs and the level of protection and anonymity they actually provide. 

What happens with recapture of that loophole money?