All Forum Posts by: Jordan Spillers

Would it be beneficial at all, either for tax purposes or otherwise, to "rent" from your own LLC or Trust? For instance, if I bought a home through my LLC as a rental, but I lived there, would there be any benefit to it? Would I be able to get certain loans that way or anything? Any benefits at all that I might be missing otherwise? Thanks so much!

Successful investors: tell the story about your first obstacles when you were starting out. 

We'd enjoy hearing your story and gleaning from how you overcame those obstacles! 

(Keep it to a paragraph OR write a short story. We want to read both!) 😁

This is the counterpoint to Ms. Eryigit's thoughtful question, here.

Excellent thoughts. Thanks for sharing. So with FHA, I didn't realize you can get more than one! I thought it was a one-and-done deal. In that case, are there any stipulations to convert it to a conventional loan when refinancing? Thanks a ton for your thoughts!

Does anyone have any thoughts on this? My state is NC, and obeying the law is important to me. 

Should I own the property for a year and then AirBnB it? 

OR 

Can I AirBnB the property with the FHA loan in place?

Thanks for starting the discussion! 😁

Hey! We're on the verge of acquiring property #1 (YAY!) and we're using the majority of our savings since it's not an FHA or Conventional loan. However, we've got our eyes on some other properties, and we're trying to figure out where the cash will come from for the 20% down payment for property #2. If we make something like $3,000 per year on Property #1, it would take us another 5 years to save up that cash from that rental property to acquire another one. I'd love to hear any ideas!

When is the next one??