All Forum Posts by: Victor B.

I am trying to take advantage of the short-term rental strategy (ABNB) where I materially participate for 100 hrs which then coupled with accelerated depreciation, I can use to shield my W-2 income. Anyone in the Tri-State area do this and if so, which areas? I know NYC is not doable because of the regulations but are there any areas close by where this works? 

Hence why I need to figure out whether to put in my own name or buy via LLC

Unfort transfer to an LLC will require me to pay state transfer taxes

I would like to buy multiple SFH investment rental properties (think 100+). I've read mixed/conflicting advice on here about whether it's more beneficial to buy each one via LLC or would buying under my own name and supplementing that with a hefty umbrella insurance policy? The reason I'm thinking the latter is because I can get better financing terms (85% LTV) and deal w/ less complexity/forms to file. My goal is to build a portfolio and either perpetually refi the properties or sale all of them via 1031 and flip to 1 commercial property. This is in PA if that matters.

I know this topic has been asked numerous times but would love to hear any updated/specific thoughts.

To get better financing terms, I bought a rental property under my own name. What is everyone's best practices for landlord liability insurance? $500K, $1MM? Does it make sense to have a higher deductible over a smaller one? Or should I get the cheapest one and then use an umbrella policy to cover anything in excess

Is there any benefit in creating a holding company / corporation with partners to go out and buy properties vs. a one-off LLC for each individual investment property? I'm thinking there could be some tax savings if we re-invest the profits in the holding company and just build it up that way. Yes, I get that will need to pay taxes on dividends that are distributed but that's 30 years away.

Anyone have any advice on this? 

Would you rather:

1. Buy a solid, cash flow yielding property (HSD cap rate) with so-so appreciation potential, having already appreciated nearly 10% this year alone; or

2. Buy a heavily-impacted, property in NYC where cash flows are still terrible but price appreciation is much higher assuming things normalize/get back to normal?

What would you do if you were in my shoes?

Great, thank you very much 

I've gone thru past posts and it's inconclusive. Is it possible to get more than 80% LTV on an investment property? If so, which lenders offer >80% LTV for jumbo loans in NYC metro area.

I am just starting out and strategizing my investment strategy. My understanding is that most conventional mortgage lenders aren't willing to lend beyond 10 investment properties. Given this, does it make more sense to buyer higher price point homes, assuming the cash flow/return profile is the same? In other words, is the optimal strategy to maximize the amounts you can get a loan from FNMA/FMAC, opting to buy multi-fams which are counted as 1 loan, all-else being equal?