The Mortgage Corporation says tha in 3 days they will deposit the LOAN in my Bank account , So now i want to know  what is next  andif this procedure is correct to make the purchase of my 1s  DEAL: BUY, FIX & FLIP.Thank you for the advice everyone .Moratto Homes LLc.33015 

I also set up the LLC and am in charge of all tracking, accounting, checking vendor work, tenant relations, two how’s, etc. he sends the money and bills and I do the rest.

LLC?

Is an LLC needed if you are looking to start to acquire 1-3 short term rentals properties?

So, that's your first decision - suburbs vs City of Detroit.Suburbs are safer investment, city is riskier, but higher corresponding potential reward.Follow our "Deep Dive" series we're doing about Metro Detroit cities and City of Detroit Neighborhoods: https://www.biggerpockets.com/...

I don't see it costing thousands to put them into an LLC or Corp.

We are actually legally transferring them into a new LLC.

Hello this may be a silly question... but I was wondering is it beneficial to have a construction LLC for rental properties..

Should I put the property in an LLC?

@Brandon Hall recently did a 3 part series on his podcast covering the many details surrounding STRs and the specific tax benefits.You can find it here https://www.therealestatecpa.c...