All Forum Posts by: Devin Arrigo

@Katie Balatbat Thanks for the reply! I'm very open to working remotely with a CPY. I'll shoot you a dm!

I'm in the process of buying a second home in Big Bear, CA that I plan to use for personal use but primarily as a STR. I have a few questions about liability protection, insurance I should purchase, and the tax implications of purchasing my home in my name. Before listing my property on Airbnb, I want to make sure I have my team lined up.

Anyone have any good recommendations for an accountant/RE agent in the LA area? Thanks!

Thank you! Much appreciated everyone. Sounds like the easiest path forward is just to take advantage of the 5% down, get good STR ins + umbrella policy, and go from there.

Hi friends! I am in the process of buying a 3 bed, 1 bath single family home in Big Bear, CA that I primarily plan to use as a STR but would also like to visit ~20 days of the year. I currently live in LA, about 3 hours away from Big Bear.

I have been pre-approved for several second home loans, some at 10% down, and one with NFCU for 5% down (an offer too good to pass up). I know Fannie Mae has requirements for second home properties. I plan to occupy the unit more than 14 days/year, and also plan to self manage the property, so I believe I meet all of these requirements. 

My question is more so about the liability and tax implications...If the mortgage is written in my name, is it possible to rent out the property to my LLC? Being that I plan to airbnb the property when I am not there, I want to make sure I am as protected as possible while also enabling as many tax deductions.