We will take over the mortgage payments while we do a quick renovation to the property(we pay for renovations).

We will take over the mortgage payments while we do a quick renovation to the property(we pay for renovations).

Quick question for people familiar w Boston and Lexington real estate in particular.

It's a market that is moving very quickly right now, and has been for a while now. 

I don't think that you use an LLC unless you are building a business to attract investors and that is a more complicated structure with more costs involved and I think you only do that when you have a lot of success under your belt and know how to deploy hundreds of thousands of dollars to millions of dollars with outside investors' money. 

I'm sure if you did a quick google search you could find something similar for NJ.

Our particular friend wants to be a passive investor and wants their money back as quickly as possible.

I think it all depends on what your risk tolerance is, and what your timeline is for how quickly you need to access the money.

Let me know and I’d be happy to work through some quick analysis and see if I can help you out.

If this house was in my area I would definitely rent it, if it attracts quality tenants.