Would you say the best thing right now would to do a FHA loan, live in it for a year and then set up my LLC and out and out it up for rent and then from there continue to do it through the LLC?

What are you and your partners investment goals?

So a $250k goal cuts you from 2500 to about 12 paid off properties.

I have a growth mind set and want to learn and share through every opportunity.  

Give yourself 5-10 years investing in RE and you’ll be set for life.

Although each cell of a Series LLC can own distinct assets, incur separate liabilities, and have different managers and members, a Series LLC may be able to pay a single set of annual state fees and may be able to file one income tax return each year.

Our goal/strategy is to eventually do a cash out refi on that property so we can invest in our next one.

Hello @Kristin Vegas - All of the Chicago Suburbs are good to buy in lol it just depends on your specific goals, strategy, and team!

Particularly be sure to include your goals for real estate investing so that folks can help you. 2) Follow your favorite forum topics and set up keyword alerts!

Will the investment still work for your goals as a MTR or long term rental?