Hello friends,I am a new BRRRR real estate investor working and living in Germany.Just incorporated LLC in US and willing to buy my first rental property soon, The question here is the "Refinancing" part, As far as I learned that I cannot refinance unless I have a credit score, right?

Most clients don't want to pay that way though because the nature of the beast is at the end of the day they most likely are ending up paying for nothing.

They say invest when theres blood in the streets but this means we are at the mercy of mother nature. 

My next goal would be to invest in out of state short term rentals and add those to the portfolio, but not sure how that would impact my LLC if I create a Wyoming Trust/Holding Company/LLCs and foreign file for incorporation into Connecticut to complete the first deal for the duplex, but then what happens when I want to invest in out of state investments deals/opportunities/homes? 

When is the best time to start incorporating these professionals during the journey? 

If you know that it was personal but deduct it as business - it IS... pick your favorite word:- cheating- stealing- theft- fraudJust because it's unlikely to get caught does not change its nature. 

You simply pick a name and create your articles of incorporation it will provide you with an EIN number go to your bank of choice and open up a business checking account.I live in Florida and have created multiple LLC's on that site in minutes. 

We took lots of the thoughts and ideas at the time to heart and incorporated them as best we could. 

Essentially, the cap rate is the proportion of Net Operating Income (NOI) to the property's value or selling price:Cap Rate = Net Operating Income (NOI)/Property ValueThis ratio offers a direct method to evaluate the yield a property generates in relation to its cost.For advanced real estate investors, integrating additional factors might prove beneficial:Vacancy rate: The duration the property remains vacant.Operating expenses percentage: Includes insurance, utilities, and maintenance costs (excludes mortgage payments, depreciation, or income taxes).The adjusted formula for net income, incorporating these considerations, is:Net Income=(100 − Operating Expenses %) ×(100 − Vacancy Rate %) × Gross Income

We focus on nature areas that draw tourists in, so we haven't seen any major changes from STR to LTR.