I had to pay closing and spent $$$ out of pocket fixing it up and made some payments out of pocket in the mean time.Bottom line you will need some money to operate a business.

Direct ownership might be better.In theory, with REITs, you're paying professionals to own, acquire, and operate real estate, so you shouldn't have to pay as much attention.

I'm operating in the city of Los Angeles.

@Jecarl Viray register it in indy only and make sure you use a bank that operates in indy.I don't know why you were told you can only take out expenses in an LLC.

Hello everyone I was looking into purchasing a quadplex rental and after inspection finding out that the coin operated washer and dryer was connected to one of the units and one of the units was paying for it all.

I think this is a goldmine and I just need some guidance....id be willing to pay for it...i want to export an excel sheet of cash buyers, pre-foreclosures and any other types of leads that could help me....i actually almost invested in the S.M.A.R.T program but im almost positive realist is the brains of their operations.....any guidance or advice?

I think this is a goldmine and I just need some guidance....id be willing to pay for it...i want to export an excel sheet of cash buyers, pre-foreclosures and any other types of leads that could help me....i actually almost invested in the S.M.A.R.T program but im almost positive realist is the brains of their operations.....any guidance or advice?

Please note that I operate in European Union.

@Andrew PettitGenerally BRRRR connotes rental real estate (as opposed to flips, developments, or operating businesses).I'm curious if there's a disconnect between you and your CPA. 

@Tom KellerI can speak to what I know which is Multifamily.The beauty of Multifamily syndication, which is a turnkey model for the Equity partner/s, is the team aspect of it.A syndication team allows you (Active or Passive) to work in your field and continue to make $ while the team of operators run the asset/business.