Use this guide to discover the best places to find foreclosures and pre-foreclosures so you can scale your real estate business by purchasing properties below market value.1.

Haven't walked a property in years and just did one with my team a few weeks ago.I forgot the thrill of seeing these things derelict and then fixing them up.What a pleasure to see the transformation.What started as a simple dream for me of moving to the US and buying, fixing, holding a few properties and moving back to Australia turned into thousands of rehabs, many companies, staff and monsters with 17 heads lolIt's nice going back to the basics of how it all began.Just simply checking out distressed properties, negotiating, buying and fixing them up.Ahhhh, the good old days 🙏

For example, you may reduce the maintenance and capex to 5% and then discover turnover occurs more often than you had planned.

I was not trying to be negative, but simply pointing out the world typically response to what you make of it.  

Put simply, an $8mil portfolio throwing off 6% would get you to $480K per year. 

Meaning, you could simply use your CO entity and register it in Ohio as a foreign entity. 

@Sharad Bagri, I think most people would simply have their lawyer prep and record a quit claim deed.

Same logic applies here as it does to your previous experience, there's just simply an added layer of the income produced by the property. 

Nothing wrong with an LLC but know the LLC will be most helpful in simply keeping your name off the docket above all else in the event a lawsuit is filed.

Business issues or simply too high of a rent demand for the space provided?