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All Forum Posts by: Mike York

Mike York has started 20 posts and replied 155 times.

General Landlording & Rental Properties

Post: Active vs Passive investing

Mike YorkPosted
  • Investor
  • Valparaiso, IN
  • Posts 175
  • Votes 43

Hi Everyone! I have a question looking to tap into your knowledge. I am just starting out and I read it's better to keep the active (flipping, wholesaling, etc) in one entity and the passive (rentals) in another. It makes sense to me however, what if my plan is to flip the house first and say after 3 months it doesn't sale so I decide to rent it out? How would that work if I had the 2 entities?

0 Votes
New Member Introductions

Post: Newbie

Mike YorkPosted
  • Investor
  • Valparaiso, IN
  • Posts 175
  • Votes 43

Thanks @Shawn Holsapple

@Shawn Holsapple

0 Votes
New Member Introductions

Post: Newbie

Mike YorkPosted
  • Investor
  • Valparaiso, IN
  • Posts 175
  • Votes 43

Thanks @Dmitriy Fomichenko! I didn't see it give me an option to select anything. I setup my alerts thanks.

0 Votes
New Member Introductions

Post: Newbie

Mike YorkPosted
  • Investor
  • Valparaiso, IN
  • Posts 175
  • Votes 43

Thanks Paul! I will look over these resources.

0 Votes
New Member Introductions

Post: Newbie

Mike YorkPosted
  • Investor
  • Valparaiso, IN
  • Posts 175
  • Votes 43

Hello everyone. My name is Mike and I am looking to start real estate investing in the Northwest Indiana area. I have experience in home remodeling projects but the initial upfront cost is an issue. I want to start an LLC to rehab homes for sell or rent. Any guidance would be much appreciated.

1 Vote