You'll get a feel for dealing with real estate without the cash flow risks of STRs, and if you buy it right you'll at least have a couple of possible exit routes if you decide it's not for you.

Rental Property Investor from Jacksonville, FLPREVIOUS POSTWhy I sold Cleveland.If you're a real estate podcast junkie like me, you definitely have noticed the clear shift towards real estate syndication in the multi-family space over the last couple of years especially.As deals became harder to find in single family and smaller multis across much of the desirable markets,the allure of pooling investor funds to acquire larger assets became a sort of self-fulfilling prophecy.Books that were mostly hurriedly written flooded the market pimping the upsides of this strategy.The argument for was simple and convincing:it is better to own 1% of a large deal than 0% of no deal.Personally,I could not help but notice that the popularity of the idea coincided with the rise of real estate crowdfunding.The likes of Realty Shares and Realty Mogul raised a bajillion dollars practically overnight making it very easy for everyday real estate aficionados to own small bites of a mega deal in rural Tennessee at the click of a mouse.A few of my friends experimented with the crowd-funding route, tossing $5000 into this debt offer and $10,000 into that equity offering.These punts yielded mixed results anecdotally, as an equal number seemed to have great experiences to share as did absolute nightmares.To be fair, no real estate niche is 100% fail-safe or iron clad.Money has been lost in a large single family portfolio as well as a personally purchased medium sized apartment complex.It is also certainly true that in the end, every investor will run out of money to invest in more properties if they decide to go it alone trying to rapidly scale up their portfolio, and real estate is most assuredly a team sport at all levels.

You’ll also want to let your CPA know, since how you treat the transfer (as a sale vs. a disregarded transfer) can vary depending on how the LLCs are structured (single-member, disregarded, partnership, etc.).You did the right thing by moving it into the holding LLC once you decided to keep it — that’s a good habit for scaling later.

Before you decide to house hack consider consider what your long term goals are. 

For those who invest in fix & flips or rentals, what criteria do you use to decide whether a deal is worth pursuing?

If not and they are either paying from reserves or haven't decided yet, then you should expect the future HOA fees to make those funds up. 

The lender that partnered with us on it has decided to do most of the work ourselves, which has saved money, but has slowed down the process, we are currently sitting at 6 months in, and are hoping to have it listed by the end of 2025. 

If it is in a good area and you decide to give it another try, have a hard talk with your PM and find out what they are doing that they've had a vacancy for over 5 months-that is not good. 

The calculator uses a subject property to calculate current expenses, future cashflow & appreciation, and shows you your projected net worth growth among other metrics to help you decide if househacking is for you.Hope this helps!

Is there a specific place where you want to own a property or do you just want to own a foreign property and you're not decided on the location?