All Forum Posts by: Belinda M.

I currently have a primary residence and a rental property that’s currently being financed. I am looking to purchase additional rental properties is there a cap on the number of properties you can finance? Thanks.

Thanks for sharing this.

i tried to start the application what do i put on the trade name and business legal name since I am sole proprietor landlord.  Do i just put my name? Thanks much for your help. 

@Joe Villeneuve

Thanks for your examples.

I have a question in the future is it better to put my rentals in an LLC for tax-saving purposes? Currently, my husband and I are not able to fully take advantage of the tax deductions from our rental because of the income cap? Your thoughts. Thanks.

@Theresa Harris

Thanks Teresa. That’s what I was considering to do and I’m just hoping I’ll find good deals for my next rental.

Thank you all for the exchange of ideas and discussion as they are very helpful. I’m really very interested to learn from

all of your expertise and experience.

@Joe Villeneuve

Thank you so much, Joe appreciate your input. I just have to research on a better future investment property.

@Anthony Wick

Actually, my interest rate on the rental is 3.875%. I was just thinking if I pay it off I will have cash flow and no debt on the mortgage so that’ll give me some peace of mind. Although, a part of me also wanted to increase my income potential as well.

I appreciate your input and reminding about the tenant is actually paying my mortgage. :)

@Brandon Frulla

Thank you so much for your insight that’s a good way of looking at things.

With 200k cash should I pay off my rental property or buy more properties? What are the pros/cons of one over the other? Tax savings? Long term? Thanks