Looks like one is better for a flip and the other has an incredible upside with equity so we plan on holding that one. 

@J Shoe A trust isn’t used for asset protection purposes, it is purely for estate planning.

To do well, learn about real estate, make a strong plan, meet local investors, check the market, look into loan choices, start small then grow, stay ready for changes, and get advice from pros.Learn about market trends, loan options, and ways like renting out for long or short terms.

I need to draw up plans, get a site survey and do some other build up.

I plan to travel down there next weekend (about 3.5 hours away), so I am gathering all the necessary info.If I did cashout refi on my current property, i can pull out $155k towards this but will be left with an additional 45k or so if doing 80 LTV, which is why I am leaning toward seller carry a second mortgage.Lenders out there, now you have my deal, can you do it?

I am just starting my plan on getting my first investment property this year.

Hello,My name is LeoOne of my investor friend has an issue with his rental property (2 story townhome with HOA)What was happened to him and the unit is1) the drain pipe on 2nd floor bathroom was broken2) water leaked in the 1st floor ceiling and walls3) in contractors opinion, this problem was caused by just normal wear and tear (already 40 year building)4) Those pipes are not shared wish other units (service the unit only) and HOA won't do anything or take care of it. 5) it will take 1-2 months for everything to be fixed up6) Tenant will need to evacuate to a hotel or shelter I have two questions,#1 In this case, whose insurance should cover the fee of tenant's hotel while the damages are fixed up? 

We are planning on buying a rental property in Plano, TX.

Purchase price: $198,000 Cash invested: $70,000 Sale price: $340,000Full rehab of the 2 bed, 1 bath house including a new kitchen, bath, refinishing the hardwood floors and other updates.

Will follow along to see what others plans are.