Of course, I originally told him that I could help coach him and it would be his business 💯%, but he feels better if I own a portion of it and would be a little more active with helping him getting it up and running… Would it be simpler just to open a new LLC and close down the first one?  

For most getting started, the best way to get into the game is with atleast enough of your own money to put a down payment.

Very repeatable and much less time intensive than actually owning the real estate in most cases.

However, after learning about house hacking, I tell every high school/college aged person I meet or know to do this because of how great it is!  

Do you think you can do this on your own?

A one-person show isn’t gonna cut it.

I am ready to start investing in real estate but know no one personally already doing it.Thanks a bunchExcited to start learning and connecting with Bigger Pockets community! 

The Taxable Value is uncapped and equated to the SEV upon a sale or other transfer of property ownership, with limited exceptions.Homestead versus Non-Homestead Millage RatesCounties & cities in Michigan are allowed to set their own millage rates, with one restriction – a primary residence (Homestead) is exempt from up to 18 mills of school taxes on their Homestead property.

@Peter Dukaj personally think the government should make it more expensive to build than renovate.

Currently own rentals and have 2 active flips out there.