California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.

It is not a matter of being greedy, it’s being smart, and not taking on excessive risk for absolutely no reason.

We just pulled up all the laminate and dried it out.

We just pulled up all the laminate and dried it out.

Sold after 15 months of ownership, for ROI in excess of 20 percent.

Unless the corner is excessively busy and or noisy.

Then the cash out is deployed into other properties that generate additional cash flow in excess of the pre-refi cash flows. 

My name is Patrick, and I started my real estate career a little over a year ago by getting into short-term rentals near my house in Dry Ridge, KY.

Because getting others to pay off a 30 year mortgage seems excessive and very risky..

Just invest wisely-- remember that leverage is a two-edged sword (can cut both ways), maintain cash flow, keep adequate reserves, and keep some powder dry to pounce on a great opportunity, you should weather any storm.Words of wisdom:  "no one knows the top or bottom of any market until it has passed."