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All Forum Posts by: Jon Dumas

Jon Dumas has started 2 posts and replied 3 times.

These are some great recommendations, Rochester looked like a good mark for entry as far as acquisition cost, wasn't sure about the tenant side of things. Also nice to see large employers moving into the area like Safran. I think employers really drive the markets, so with that said how about Exeter area? Seems to be some large commercial buildings going up....also on the other end I've seen a lot of employers moving out. Really looking for a sense of what area is working for others, and what areas should be avoided. I appreciate all the comments so far. Happy Easter.
Portsmouth is too expensive for me, especially when looking at 4+ unit properties. What are some decent areas that are close by where capital can be stretched further.

Post: In law apt on primary residence, can I add to LLC?

Jon DumasPosted
  • Rye, NH
  • Posts 3
  • Votes 0
First of all, this is my first post in probably one of the best sites i have ever visited across all subjects even outside of real estate, excited to be part of this vibrant community. I'm in building a business plan phase for a buy and hold rental model. 2 questions have come up while exploring the podcasts and forums. 1. I have an attached in-law apartment rented out on my primary home. Is there any way to add this to an LLC as a rental property? Currently off the books, and not sanctioned by the town. But was thinking I could redo taxes for 2015 and include in 2016 filing so I have a history to show lenders. 2. Is there a business profile "SIC Code" that my LLC should be set up as that is most attractive to lender and insurers? Meaning some industry codes are deemed higher risk than others. That's it for questions when. Really enjoying the podcasts from the beginning, adding questions and guidelines to my notebook as I go....really awesome content. Thanks in advance for your guidance.