All Forum Posts by: Daniel Dexter

You will not be allowed depreciation deductions at all if you make over 150k. Which you stated you do. Unless your primary job is real estate related.

I apologize for my ignorance but how does a land trust work? 

Thanks for the quick response! Is it unheard of to buy two properties at once?

My father and I are in this together, His AGI is over 150k and both of our credit scores are above 760, mine is closer to 800. 

If this is not likely what are other avenues as far as private lenders and hard money? Any experience or tips dealing with alternative financing?

banks are closed today (presidents day) but I found two properties that are exactly what I am looking for. My question as a first time buyer how do we buy these homes through an llc. I'm guessing the banks are going to look at our personal financials. Also our llc hasn't even been set up yet. This is happining a little sooner than planned but the numbers work and its a great deal. Just trying to understand how the llc home buying process works. If possible (to speed up the process) can we buy them personally and sell it to the llc once it gets filed? Am I going to run into troubles doing this? Thanks!