An opportunity fell on my lap, I have purchased a multifamily unit from my uncle on a seller finance deal and plan to BRRRR it and keep it long term.

(especially for those involved on this website)The reason I mention if it matters on this website is because most are real estate investors(long term buy and hold) and will most likely operate at a tax loss which doesn't have an impact on taxes.The second point is, will you invest or not invest in a good investment because of what your tax rate is?

What MAY make sense is to setup a Master LLC that operates like a PMC and collects all your rents, pays all your property-related expenses, etc.The owner of each property (you, LLC, trust, IRA, ect.) would have to execute a management contract with the Master LLC, so the Master LLC could legally act on behalf of the property owner(s).Check with Account Closed read our 

When choosing an investment city, don't rely solely on simple return calculations; consider all major recurring costs.

With this particular partner, we've done 2 flips together and both times agreed on a quicker exit strategy.

One option is to have the buyer use a loan to buy out your existing mortgage, and then you can carry a second lien on the property for the remaining balance.

For example, title insurance on a $750k flip is not three times the cost for a $250k property.

Based in New York, my work-life spans across New York City and Long Island while I reside in Mount Vernon, Westchester County.I’m diving deep into real estate investing, working on building my knowledge first and my portfolio later.

How is a join account seen if is my brother me on it?

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