My two cents

You have to separate the two.

Try not to get overwhelmed as there’s a lot of information on BP and many avenues within real estate investing.When I was starting out, I was interested in so many strategies, but I discovered that I did my best when I focused on one or two and really built my knowledge around them.

So first, can you do this without the other two partners or with just one of them?

An LLC is useful for two things: anonymity and legal protection.

Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.You need to get a firm grasp on two things: the ways to make money with real estate, and how to find deals that match your goals.P.S.

However, aside from that, I couldn’t find much information about them, and the only online presence seems to be the wife’s LinkedIn profile (though I’ve never met her in person and am just going off her profile picture on Zillow).After submitting the application through Zillow, we attached our income (two months of pay stubs for each of us from our current jobs), work references, credit and criminal background, rental history, and the contact info for our current landlord (who just so happens to be my fiancé’s father).

If it were me as a seller the over asking price ok and down payment but I would make you pay interest only at 8-9% for a year or two with a balloon.

For REP status federally, you must meet two requirements: work 750+ hours in real estate activities and spend more than 50% of your total working hours on these activities during the tax year.

I have two books to recommend, one podcast, and then one more summit happening in person in May for syndication investors.