Hey everyone,Me and my wife just purchased a 3B house in Charlotte, that requires quite a bit of work, and we are looking to expand our network here, as we are new to Charlotte, so this is sort of out-of-state investing for us.

In other words much safer to purchase a property in the name of your LLC than to purchase in your name and transfer to LLC. 8.

In addition to the high cost of building, the low appraisal reflects there are many more owner occupied purchasers than investor purchasers so adding the ADU likely reduces the buyer pool. 

I am purchasing a 4plex tomorrow and will be moving into one of the units.

However, I am trying to accomplish this task by purchasing under market value (every investor dream).

I have a 3rd LLC (non retirement) created in NV, working on buying RE in Detroit, MI. once the purchase has consummated, I file the foreign LLC filing with MI state, do i need to file for FINCEN too??

We purchased the condo for 92,000 and it has 69,000 left on it.

Borrowers with higher capital reserves or equity in other properties could explore an all cash purchase.

I am in the process of purchasing my first STR.

The market rent puts all three together at approximately $2900 monthly.Costs behind the acquisition:Property taxes: $5000 yearlyInsurance estimate for all three: $3,300 yearlyC-class properties (not best location, their condition is about average - older properties)Purchase price: $250,000k$15k down and $235k seller financed at 6% interest for 30 years. 5-year PPP.