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12 February 2025 | 8 replies
•Instead of transferring the title, consider using strong landlord insurance, an umbrella policy, or a land trust (with your LLC as the beneficiary) for added liability protection.Your FHA Loan Potential for Another Property•Since your first home is already a rental but was likely purchased with an FHA loan, you may still be eligible for another FHA loan—but only if you meet one of these conditions:•You relocate at least 100 miles away from your current home.
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26 February 2025 | 3 replies
(Transparency, they are one of my clients)
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26 February 2025 | 1 reply
Alternatives would be to look for a partner or sell one of the properties.
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9 February 2025 | 12 replies
It is time for new ones and this time I will use a pro once I find one where I own the pics and not them.
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24 February 2025 | 36 replies
In my case, I have residential rentals in one LLC, commercial properties in another, self storage in a third, and my real estate company operates in a fourth.
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2 March 2025 | 3 replies
I offered her rent relief or hotel not both.The job will take one week and my offer was 10 days rent relief or pay for the hotel.
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26 February 2025 | 12 replies
I like having my depreciation expenses being available against just my highest taxes every year rather than use too much in year one.
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26 February 2025 | 8 replies
I have deals of all kinds, right now on my last three deals for some weird reason one come from wholesaler, the second from MLS and the third knocking a door.Having a partner in looking for deals is critical so you can brainstorm and make sure that is indeed a good deal.
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18 February 2025 | 25 replies
Nobody ever went broke over a duplex, I know this now, but I have to admit I had some serious doubts about this when I started 16 years ago, I bought every course I could find, already on CD's, this was post cassette tapes lol, and I paid RichDad Education for a one year coaching program (turned out my coach was a girl in a call center without any actual experience).
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25 February 2025 | 7 replies
So if you purchased one 4-plex each year, after 10 years you would have about $12K per month in cash flow.