LIMITED LIABILITY COMPANIES□Do you have an operating agreement that defines the relationship between the company and between members and what happens if the arrangement needs additional capital, there is a disagreement between co-investors or one of the co-investors becomes insolvent, goes bankrupt, divorces, becomes incapacitated or dies?

The loan is 40k (AKA 40% LTV)Step Four: 52k in the bankStep Five: keep doing the above18k per year for 28k gives a 0,64 GRM; congrats, that's the kind smoking deal i have never seen in real life; maybe in some rust belt cities, but you'd still have to find decent tenants, and they wouldn't pay 1,5k a monthHowever, the net operating income would be better used in this caseCheap properties tend to have as much or even more operating expenses than more valuable ones, and you still have to take vacancies, high property taxes and the 12% for your private lender in consideration

Unless A. you have a job in which gives you some free time to go down and over see operations.

Can I call it a repair/operating expense?

My current mortgage is in my name, however, I was debating on switching from the FHA/203k Loan to a Conventional Loan based on the appraised value post renovation (even though, I should do this after the house has a track record for performance to appraise on the cash flow that the house can operate at). 

Hi all,I have been a real estate investor ( buy and hold for past 12 years) learn a lot from BP.I Speack perfect chinese and fluent in English, wondering if any opportunity to work with good reputation term key company that want to target on over sea chinese as well as first generation chinese who lives in City like New York and CA to buy turn key or high ROI property in OOS.In New York I see them buy one million dollars condos that’s rents out for 3-4k per month .

But more importantly the bright line test appears to be the "intent' of the tax payer.If your intent was primarily to resell (most interpret that as a forced appreciation/value add/low ball purchase scenario where the desired equity is present at the time of purchase) then you are treating the property as inventory and 1031 is not appropriate.If your intent was to hold to use or to generate income from, or to take advantage of longer term appreciation then you are treating it as an investment and 1031 is appropriate. 

Does the MLS give you access to properties only in the state where the real estate agent operates or is it nationwide?

What would one recommend investing in a Major downtown, metropolitan area, like downtown LA or SD for generating positive cash flow?

These kinds of deals come across my desk very frequently here in Connecticut in the area you are operating in and 9 times out of 10 this is where the deal momentum stops.