All Forum Posts by: Jamiru Mutebi

Thank you so much @Andrew Freed. This will be my first time to attend a meetup, I can't wait to experience being in the same space with investors of different levels.

Thank you so much for sharing this valuable information @Ryan Thomson.

Hi @Andrew Freed, when is this month's meetup, boss?

Thank you, @John Underwood

I get your point now @Bill B., and @Sean O'Keefe thank you so much!

@Bill B., thank you for your response. First and foremost, I am a new investor trying to maximize my options here. But to better understand what your implying here, are you saying it's a bad idea to house hack the basement? or turning it into an LLC? or both?, please help understand what you are trying to mean, or what would be your best move in our situation.

However, if its possible like @Andrew Postell seem to imply, my basic understanding would be that making it a legitimate business despite being on our property, as well as the owners of both the property and business, it qualifies us for some tax advantages like any other business. Again, we are gathering information to do what's best, we are not experts. Thank you, again.

Thank you @Bonnie Low!

Happy Saturday everyone!

Having seen several posts from successful investors on this platform, my wife and I got fired up and decided to test the waters of real estate investing starting with our basement (house hack) for short or mid-term renting. The contractor starts renovations next week but we're wondering if it's legally possible to register this space as a separate LLC that rents from our primary residence, lol?

Any advise will be greatly appreciated. Thanks in advance.

Happy Saturday everyone,

Having seen several posts from successful investors on this platform, my wife and I got fired up and decided to test the waters of real estate investing starting with our basement (house hack) for short or mid-term renting. The contractor starts renovations next week but we're wondering if it's legally possible to register this space as a separate LLC that rents from our primary residence, lol?

Any advise will be greatly appreciated. Thanks in advance. 

Hi @Joey Banasihan!

Great advise, thank you so much for the information. About MTR, that's something my wife brought up in our plans, I'm glad you mentioned too. 

Thanks again!