It’s been a great way to scale into bigger opportunities without taking on more individual risk or active management.

We always have each individual do their own LLC and then the 4 LLS do a joint venture as their individual LLCs as participants.

Successful dropshipping entails careful product selection, dependable suppliers, and excellent customer service.In conclusion, whether E-commerce and dropshipping are good or bad ideas depends on your individual circumstances and how effectively you can navigate the challenges and opportunities they present.

Very few individuals keep their loan for the duration of a 30 year mortgage, much less a 50 year.

The funds in this case were likely held in their individual name, and a death, bankruptcy, or other could affect the ability to close out and complete the 1031 exchange.The safety and protection of exchange funds should be of utmost importance, which is why you should always work with a qualified intermediary that has some sort of regulatory oversight; not just an internal audit or something, but real regulatory oversight with an outside, independent regulatory audit. 

At the end of the day, once you’ve got stabilized SFRs with leases in place and can show consistent rent collection, you’ll be well-positioned to refinance each property individually and complete your BRRRR strategy.As for your question about prioritizing a local lender — it really depends.Local lenders can sometimes be private lenders who’ll help fund the purchase and renovation phase, but they typically don’t offer long-term loans.

Deal flow is more important than any individual deal. 

I'm glad to join this community and start connecting with other individuals in the real estate market.  

Right now, there is a very popular individual on Youtube and Facebook, and apparently appears at Bigger Pockets events, who published his book, that advocates these techniques  for buying for full price off of the MLS and borrowing closing costs.

Just helped some clients who paid $965K for a duplex and triplex in Reno on adjacent parcels sell individually for $616,500 for the duplex and $870,000 for the triplex, or $1.486mil total.