It’s amazing to see how far you’ve come since discovering Rich Dad Poor Dad and diving into BiggerPockets.

The stay that they were granted has expired.

This community is full of active investors who are doing deals every day, and if you stay engaged, ask the right questions, and follow the investors who are consistently providing value, you’ll accelerate your learning faster than you think.

It's not uncommon for people to rack up significant debt on a college degree in a topic they found interesting, only to discover they hate the actual job.

We are trying to stay under $350k and we have a $15k down payment.

We group properties strategically so the tax work stays clean without losing the protection that the LLC structure gives us day-to-day.Each LLC still runs its own bookkeeping, P&L, escrows, rehab costs, and loan schedules.

Currently, if owners want residents to pay water, we bill based on an average of 12 months of bills and review that annually to update the amounts, OR the owner can ask the residents to be added to their bill since water must stay in the owners name.

Cash-out handling.Since the refinance proceeds stayed with LLC #1, that’s essentially a return of capital or intercompany loan from LLC #2 to LLC #1.

We only require a cleaning on move-out but we give our clients the option to require mid-stay cleans since that would be an additional expense for them. 

They get better over time, the longer you own it (debt costs hopefully stays same, rent stays up with inflation, appreciation, depreciation, loan pay down mostly from tenant, & is a little mini savings account).