I am at the beginning of the process my offer was accepted 2 days ago and I just looked at the place today.

So transferring properties with existing mortgages into an LLC without selling them to the LLC is a common strategy for most real estate investors seeking to protect personal assets and possibly enjoy certain tax benefits.

-I hear condos are now charging outrageous amount of money for association fees and costs and people are selling their properties on account of this.

@Anthony Lucas It doesn’t make a lot if sense to sell them in my opinion.  

Appears to be a well oiled machine in terms of the construction and sale process-cookie cutter 1200 sq ft properties.

You can also consider selling and reinvesting your winnings then you never have to worry about the cost basis of your investment.

Many sellers are having to make huge price cuts to sell flips and/or new construction, so be careful there.With your buying criteria, Daytona area is still a great market with strong numbers. 

That being said, you can go through the process, get the inspection done and they will tell you what you have to do to pass. 

I've been looking around in NYC and those rent-stabilized properties seem pretty attractive, but my realtor friend is telling me that they're not worthy of investment due to the headache with tenants and the renewal process. 

Hey everyone! An aspiring rookie investor considering a house hack as my entry into real estate. How does inheriting tenants work? Say I buy an occupied duplex, do I have to honor their current lease? Do I draft a new...