All Forum Posts by: Brett Dudley

Looking for some advice on our current situation. One of our rentals (Michigan) has been being rented for $1300/month, the mortgage is $618 so it has cash flowed well. We have owned this home for 2 years. The tenant notified us that they will be moving out at the end of July when their lease is up. It is an older home and I know there will be some larger ticket repairs needed in the coming year(s) (roof specifically will likely need work soon). If we were to sell it now it would probably sell for 20K more than we purchased it for. So my conundrum is do i just keep renting to a new tenant and deal with the maintenance expenses as they pop up, or do i try to get out now before a major expense pops up and just take the little bit of profit (less the capital gains tax)? Any advice is appreciated. thank you 

Hello, 

just closed on a new house. If i were to airbnb it out for the last few weeks of December, would i be able to use the short term rental loophole to do bonus depreciation on the property (with a cost seg of course)? Would i be able to do this if later on I decided to use the house as a long term or mid term rental ?

Hello everyone, I recently bought my first investment property (Indianapolis). Currently the property is in my name and I pay the mortgage/expenses with a separate checking account also in my name. I have seen many advise asking your lender if they will call your loan by switching the title to an LLC name so I asked my lender.

He said the company would call my loan due on sale BUT that they would never know the title was transferred as long as i keep paying the mortgage every month and from an account with my name on it (instead of paid by XYZ LLC).

Does this sound right? I can get the title transferred into my LLCs name and just keep paying it from the same account every month? For future houses is it easier to do it this way? or buy with the LLC from the get go?

Thanks for all of your help