Most investors I know including myself don't use their own money for deals unless they absolutely have to.

To protect the purchaser of the wrap-around mortgage, Texas Senate HB 43:provides for wrap payments to be held in a constructive trust by the seller for the benefit of the buyerestablishes that anyone collecting or receiving a payment from a wrap borrower in connection to a wrap mortgage owes a fiduciary duty to the borrower for the paymentsdiscloses the nature and risks of wrap transactions to buyers and offer consumers the right to rescind transaction/agreement when disclosures are not made timelydefines “wrap mortgage loans” as a residential mortgage loan:made to finance the purchase of residential real estate that will continue to be subject to an unreleased lien that attached to the property before the loan was madesecures debt incurred by a person other than the wrap borrower that was not paid off at the time the loan was madeobligates the wrap borrower to the wrap lender for payment of debt, the principal amount of which includes the outstanding balance of the debt and any remaining amount of the purchase price financed by the wrap lenderclarifies that a wrap mortgage loan may only be closed by an attorney or title companyprevents “house flippers” from registering as financial service providersprohibits a person from making wrap mortgage loans unless the person is licensed or registered to originate or make residential mortgage loansThe new law goes into effect on January 1, 2022.

Hiring a property management company will eat away roughly 10% of your rental receipts; however you won't have to worry about creating a contractor list and you may not have to deal with calls at 11:00 at night.Upstate NY is also an option.There are a couple of real estate networking events that meet in NYC.

Looking to create a WY holdings LLC, and my TX LLC to hold my soon-to-be first property.I'm curious, why do you think you need an LLC and what do you think it will do for you? 

But almost everyone I know says the same thing:You create the listing and send it for approval.You immediately get a call from the automated service verifying some of the facts about the property.Then you sit and wait.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

This includes collecting rent, handling maintenance requests, and addressing any issues that arise.Financial Benefits: Renting out the basement can help offset your mortgage payments and other expenses associated with homeownership.

I'm a big fan of house hacking and have done it several times here to create a small portfolio.

Ideally, I want something I can confidently show to potential investors that includes all the key metrics they and I would need to consider when evaluating a property.

An LLC is just something you paid 150 dollars on legal zoom to create.