My first house hack involved me living in an enclosed patio while renting out all of the 3 rooms of a townhouse which was extreme, but I would not have the portfolio I do today if I did not take that first step! 

This is getting extremely popular in the design world due to its clean, modern look, but it's also great for cost savings!

Ultimately, the assigned appraiser was known for being extremely conservative, and the final valuation came in at $285,000, requiring an extra $10,000 out of pocket to close.After closing, I raised one tenant’s rent from $750 to $1,180, and they chose to stay.

Shelf LLCs are pre-established entities like you mentioned in your post.However, if you prefer to avoid setting up shelf LLCs, using land trusts can be a simple and effective alternative.

Glad to hear that you are using Equity Trust already as they happen to be our official partner for self directed IRAs. :) It sounds like you are looking for a specific investment opportunity? 

I am brand new to wholesale and would like to know what you did to motivate your first prospect to trust you with the whosale strategy and process.

If that’s not the case, consider using a land trust as an intermediary to safely transition the property into an LLC.  

Hello BP community,I am extremely new to real estate (don't even have one property yet), but I am interested in purchasing a multi-family unit with a partner in the Kansas City area.

This thread is extremely interesting!

The goal is to purchase it in a land trust or llc.