Getting back into the game --- so many questions!
Mornin' all...
25 years ago I was living in a different city and my (now ex-) wife and I had several rental/rehab properties. Honestly, we were not going about it the right way (not my choice) and I got out of playing in the real estate game when I moved to a different city, got divorced, and moved on to a different set of careers.
Fast forward to today: Am in a MUCH different set of circumstances and want to get back into buying/rehab/flipping/renting.. I'm finding that the world is a different place now!
An immediate situation is the following scenario: I've come across a property that I think would make an excellent rehab with a good profit upside -- what is/are the current method(s) of financing such a property when conventional finance isn't an option? (Pointers or direct advice is welcome)
A longer term question: What is/are the best scenarios for setting up a legal structure to avoid 1) legal liability and 2) taxes? I see SO many "do this" and "do that" that my brain is swimming..
I do realize that I have a lot of learning and research to do. I'm not jumping in face-first before I get my feet underneath me... But I AM interested in starting things sooner than later...
Yes, this sounds like a big ask... But when you don't know what you don't know, all the questions seem "big"!