All Forum Posts by: Rikard Lorén

but i have checked through like half his properties and i haven't seen anything bigger than 3 floor plans so there got 2 be smth bigger to it?

sooo, no one knows :) ?

Hello, i was wondering why Ken Mcelroy (as i saw on www.mccompanies.com on thoses pics i have watched ) have most of his buildings in 2 floor plans ( some 3 ) and have divided buildings, instead of 1 long and wide big building with 90 units, he more likely to have 6 buildings with 15 units each, how come ? and whats the benifits ? Is it just becouse of that it

Hhmmm, i have checked this post again and got another question:

Do you buy your houses in a LLC or private and why?

Okey, thank you all, Dawn Anastasi, Nazz Wang & Jon Holdman for your answers on my questions, clearefied it for me, thank you :)

Hi again, would your answers on my questions change if I mentioned ( forgot before ) that I will buy the house through a LLC ?

Hello BP, i have been thinking about buying a house and was thinking about loans, i was wondering how it is where you live in the united states with houses, are they consindered as a private house with different rent, money & loans than if you would buy a comercial 10 unit apartment ??

Or is a residential house consindered as a comercial asap your purpose is to buy it for investing and rent it out?

Here in sweden, we have different typecodes for example, a residential house is "small house" and get something around 200 and u get to detuct 2% each year of the buildings value of what you paid for it meanwhile a rental property have a typecode around 300 and u get 3% each year instead of 2% to deduct-----> Question 1: Can i buy a house and make the bank/irs look at my property as a rental property instead of "small house" ? How is it for you in the US or other states?

Q 2: How do the IRS look at houses when you buy them for investing & renting out purposes?

Q 3: How will the bank look at the property when i come to them for a loan/what kind of loans do/can i get?

Thanks, Rikard.