I'm kicking off a Triplex Renovation in Midcity as a buy and hold next week. 

In most cases your better off buying with "All Cash" and then you can use a "Delayed financing" program to get up to 80% cash back LTC loan to cost.

I’m now buying a fourth property under a newly formed LLC.Should I place the first three properties that I bought in this new LLC?

I am a loan officer licensed in multiple states so let me know if you want to discuss some options.

In a fast moving market, where multiple offers are presented there is no time for getting verbal buy in. but if a property has been sitting, to me, there’s no reason not to make sure that you are in the same universe before submitting a formal offer. 

Only buy stuff, even for your room, that you plan on leaving behind when you buy your next home.

I started looking into real estate as a way to financial independence around that time and was offered to buy my first property by a family member who was looking to leave the investment world.

I am doing this because this is not the only property I intend to buy so I thought I should start off with an LLC now.

I would check with an appraiser and your municipal zoning officer to determine if they are acceptable.  

Purchase price: $592,000 Cash invested: $85,000 Sale price: $800,000 Bread and butter duplex buy, rehab, and split for resale.