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Updated 11 days ago,

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Tiarra Delaney
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New to Real Estate Investing: Advice on Next Steps for Cash Flow and Business Setup

Tiarra Delaney
Posted

Hi BiggerPockets community,

I’m new to real estate investing and excited to learn! I currently own one property, and I’m planning to purchase another. I’m trying to decide whether to rent out my current home or the new property I purchase. My overall goal is to generate monthly cash flow, and my current property might be a better rental option since it has equity.

I’m also considering starting a business and purchasing the next property in the business’s name. I’ve heard this can have benefits, but I’m not sure where to start.

If anyone has advice on how to proceed, I’d love to hear it! Are there strategies, financing tips, or resources you’d recommend for someone in my position?

Thanks so much for your help!

What are the next steps for a new real estate investor looking to generate cash flow and potentially start a business to purchase properties?

Analyze cash flow and market demand for your properties, consider using a real estate-specific LLC for purchasing, and consult a CPA or attorney for business setup and financing options.
Sources: Wale,Jaycee,Jaycee

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