Monthly 1 year rental history is $4,200 per month with leases in place at this same rate carrying through next May.Looking to completer the BRRRR and do a cashout refi and the bank who I have the $271k loan with said they could not do a cash out refi2 j as I don't have a traditional W2 job currently and my 2020 taxes show my investment properties as operating as losses (I have 4).  

Hi Brandon,I don't operate in NW Wisconsin but if you are open to other markets I work in SC and SE WI. 

It seems most of the IRA custodians that support the SDIRA/LLC arrangement don't actually handle setting up the LLC or help with the mechanics of operating it.We've found a couple that do, IRA Financial Trust Company and Midland Trust.

It's not money for nothing (and your chix) for free.You will have to spend time working at it.You should ask yourself--is doing the things I need to do to operate this rental business, and taking the financial risks I need to take the right thing for me.Also do you know enough (in your judgement) to be able to start in on this yet.For instance, do you know what a P-Trap is, what about bug control, do you know how to legally evict someone in your town, and do you have money set aside to do this and also to "Turn" the unit for the next customer/renter while still paying the mortgage?

The key to this is maintaining the "corporate veil", which implies that the LLC operates COMPLETELY separate from any other LLC's or individuals.

One of the things David emphasizes in the book is the power of having the core roles you'll need in buying and operating rental properties.For example, if you decided that St.

Purchase price: $2,000,000 Cash invested: $560,000 This 40 unit value add investment presented us with an opportunity to streamline management operations and increase below-market rents.

The rents were substantially below market and we identified significant arbitrage opportunity through select unit and common area upgrades, leading to rent increases and reduced operating expenses.

I am finding that these properties are currently operating as either a triplex or a quad, but an inspection being done as part of the financing would trigger a report where I (the buyer) would have to deal with the penalties.

Hey folks,Looking to connect with one more buy & hold investors (or PMs) operating in the Albany/Schenectady/Troy metro area.