You will meet a ton of like minded folks.Third: start building a network ie lawyer, realtor, CPA, inspector, loan officer, or preferred bank and property managers if flip goes sideways.That is my 2 cents on your up coming adventure.

I haven't connected her to a lender for prequalifcation, assuming that her end agent has a preferred lender.Reach out if you're interested in a 20% referral!

Also, what's the best way for taxes, should we set up an EIN to file or can we split (50/50 partnership) the profits/loss on our individual returns?

If the interest ever grows on you to fund out of state let me knowWill do Michael I just prefer to be more hands on and involved as an active partner in my deals.

While a lot of members may have licenses it is the individual that makes the difference.

I'm looking for a patient ally to help me invest in a multi-family property.I'm open to commercial-level properties and have an intermediate understanding of the dynamics of commercial vs. residential.I'd like to have a Skype conversation with a more experienced investor who is willing to help me work out some kinks in my plans and shed some light on my market.For those who would prefer to reply here, I'll go ahead and state my goals:GOALS:1.

Essentially they become an investor in a larger property (multi-family, self storage, etc), receiving a preferred return every month with ZERO action required while still staying exposed to the real estate market.

Is it possible to transfer a property from a LLC to an individual?

Just thought of this strategy and wanted to run it by someone.What if I rented a 3 BR place for $1500/mo, then rented each room out individually for $600/mo?

My first preference is southern california-including areas such as palm springs which seem to have good airbnb potential.