In my case, I have residential rentals in one LLC, commercial properties in another, self storage in a third, and my real estate company operates in a fourth.

However, you need to really investigate to confirm that the property and tenants are performing as expected.Your offer to purchase should include a requirement that the Seller provide all documentation and agree to sign an estoppel certificate (also called an estoppel form or agreement).

For purchases, some lenders use the projected rent on AirDNA if the occupancy score is high enough and take a 20% management expense against the gross rents so 80% of the gross rents is used to structure the loan.

If you're a real estate professional, the home office deduction can be valuable.

YUP nightmare client would tell them to find someone else.. not loyal thinks they know it all and what kind of real estate coach makes this kind of absolute rookie sounding post. weird.

Purchase price: $28,000 Cash invested: $25,000 Bought this property in the worse part of town and I have the best tenant in it of my 18 properties.

Looking to purchase one and struggling with the right calculators to determine the real metrics.

Should I get into contracting with a flipper or custoM home builder for 50k a year 1099 and start my own llc and be a “real estate professional” and learn the ins and outs while making less money at first,  or take a sales job 9-5 that makes 150k a year w2 and build up capital first. 

1. Growing My Cash Buyers List: Initially, I relied heavily on a small group of cash buyers, which limited my profits and left me with tougher deals to sell. By late 2018, I realized the need to expand my cash buyers ...

Purchase price: $80,000 Fix and Flip in Chicago.