Personally, I'd prefer to use that money payment on a fix and flip, or for marketing expenses to find that next deal.So here's what my wife and I did.

Personal financing How did you add value to the deal?

1. probably the easiest and least complex options - also should not be really any more cost than opening a single member entity tbh...ensure that dissolution clauses are properly drafted for you both being on title2. for one rental property, this is overkill (although there are many people that will say you need to do this...the maintenance and cost of a trust for one rental property is likely not profitable) 3. personal name with good insurance policy if you're worried about liabilityHappy to go over ideas.

You can make this election at the same time you file your taxes by filing Form 1120S, attaching Form 2533 and submitting along with your personal tax return

I appreciate the varying advice people have given me already as it showcases their personalities, risk tolerance, and values.

Here are a few I recommend: "Rich Dad, Poor Dad" by Roberto Kiyosaki; "Set for Life" by Scott Trench; "The Unofficial Guide to Real Estate Investing" by Spencer; "The BiggerPockets Ultimate Beginners Guide" found here on BP; "The Book on Rental Property Investing" by Brandon Tuner.

There are some large FB groups for Indy and the suburbs, I would check them out and they will lead you to the in person REIA

I personally love investing in NJ because 1) google says not to, and 2) I know the answers to my questions I just asked.To each their own and I wish you a ton of success!

Also, which I've only seen one person mentioned, the interest saved in the loan is monumental.

I actively pursued personal growth by enrolling in college and graduating with a Bachelor's degree in Criminal Justice from Southern New Hampshire University (January 2025).