My initial interest in out-of-state investing stems from the high cost of multifamily properties in New York and the state’s renter-friendly laws.

I'm new to real estate investing, but it is something that has always intrigued me.

So we create a partnership agreement and a new LLC and he funds the LLC account with 50k.

At the end of the day; you need more money to do something like this.MAX LTV on new builds is 80% LTC, Meaning if the build is $550,000 and Land is XAdd ($550,000 + x ) * .8 = LOAN AMOUNTYou would need to come in with MINIMUM 20% of the cost in addition to closing costs and reserves, $80,000 is not going to cut it for this project.

Many landlords, myself included, have faced the challenges of dealing with problematic tenants and the complexities of Massachusetts laws.In fact, we specialize in buying properties in Massachusetts and New Hampshire that come with ongoing evictions and difficult tenant situations.

You can easily do this on a spreadsheet, and it will take less time to track than finding and learning new software.

This is the first home working with my new business partner, Kelley.

My name is Aja Sellers and I am new to the REI world!

I don't love this question....it creates procrastination with new investors.

Taking this a step further:  Bring in Indian, Bangladeshi and Pakistani new immigrants to share the rooms.