I also would second that you should find someone that clicks for you, in business and personality.

Brand new build.

Learn from seasoned investors and business experts by attending workshops, seminars, and networking events.Create a sound financial plan and investing strategy that takes future obstacles and emergencies into consideration.In the end, choosing to invest in real estate should be determined by carefully weighing your risk tolerance, personal preferences, and financial objectives.

Hello Abby,My answers to your questions, everyone has different opinions but here are mine:1) Yes it is 100% worth it, if not only for the business line of credit you can establish2) Deals are harder and harder to find, at least where I am from and surrounding areas.

No not regular property insurance.You are running a STR business and need commercial insurance or you will not be covered.Look at CBIZ, Proper and Foremost. 

So for now I would say my goals in REI are to learn as much as possible, build my net worth, and put myself in a position where I can decide whether this would be a viable business for me to focus my efforts in.

Make no mistake, being an operator is being a business owner.

For example,Let's say there's a 1000 sq foot house with two bedrooms - one for the tenant and one for the landlord.100 sq foot is for landlord exclusive use.100 sq foot is for tenant exclusive use.800 sq foot is common areas (kitchen, living room, dining room, etc).Is the business use 50% (100 + 400 [common area divided into 2]/1000) or 10% (100/1000)?

I invest in other classes than real estate).Having 300 would allow me to delete hard money lenders from my flipping business.

The CTA required information about the beneficial ownership of companies registered to do business in the US starting Jan 1, 2024.Link to article:https://www.natlawreview.com/article/us-corporate-transparen...