Say you got a neighborhood in suburban Georgia with a certain type of industry in the area, well, okay, cool, but you're gonna have a 24-year old recent Berkley graduate still living with their parents to manage the property!

Please be 100% blunt with replies because I'm trying to learn as much as I can.I'm 22 years old living in NJ and I don't qualify for much money in traditional loans, but my credit and income is good so I'm trying to get creative so I can leave my parents house.Thank you for reading!

I am trying to figure out if I can make the LLC that I created in TX the parent LLC for the property in NC (thinking about making an additional LLC for this property).

Hold rentals in separate LLCs under a parent holding LLC.

***It's a lot easier to find someone, for example a stay-at-home-parent, who's doing their regular house chores, and at the same time answering the phones, checking email, etc..Also, you don't pay them hourly, you pay by volume: "Ok, I want you answering phones & emails for 8 hours per day, but you will only get about 5 calls on the average per day, so the pay will be $300 /month"Remember, in an imperfect world:Good People + Bad software = SuccessGood Software + Bad People = FailureFeel free to DM me for details.Hope this helpsGeorge

.: My parents told me this and they experienced this time: in China’s history known as the Maoist era, especially during the Great Leap Forward (1958–1962) and the Cultural Revolution (1966–1976).

The IRS looks closely at “related-party” transactions, so your parents should tread carefully to avoid disqualifying the exchange.

I’ve helped a few CU parents buy places here for their kids rather than paying their rent, and after 4 years they are always up hundreds of thousands, after having saved about $80-100k through housemates covering theirs kids rent/ the mortgage during that 4 years. 

If you can, live with your parents after college and when you get your first job.

The people I know in Lake Geneva who were born to wealthy parents though are able to walk in and get hired based on their parents connections.