A prudent investor doesn't seek quick riches through shortcuts.

Hi BP Community,
I’m evaluating a potential investment property in Cincinnati, Ohio, and would love to get your insights! The numbers I’ve been running look really promising from a short-term rental (STR) perspective...

Now It appears I am in trouble and at the very least will be looking at late penalties for not filing by 1/31/2023. * This is where the crux of my question comes to...

Start with a Clear GoalDecide what you want from real estate: Are you seeking passive income, appreciation, or a mix?

Readers should seek professional advice.

What is the LTV and prepayment penalty?

For example, failing to file a Business of Information (BOI) report correctly can result in penalties of $500 per day or even up to one year in jail if the filing is late.2.LegalZoom or Similar Services:LegalZoom can help create an LLC for about $600.

As an example, although we are “hard money” lenders we seek lower rate long term financing for our real property investments.  

A HELOC can be flexible, but ensure you have solid cash flow to cover repayments. 401K loans carry risks like penalties if not repaid on time.5.

While engaging with the Bigger Pockets community, I've noticed many investors seeking funding.