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5 February 2025 | 6 replies
I think I can open another personal checking account at the bank I already have and it'll be under my name but i'm trying to buy out of state rentals with an LLC I own.
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27 January 2025 | 3 replies
Thanks to everything I’ve learned from the podcasts, books, and this community, my wife and I currently own:A triplex in MaineA single-family rental in San AntonioA single-family primary residence in Las Cruces, NM, which will become a rental when we move in a few monthsFor context, I’m an active-duty Army officer with about 12 years left until retirement, and my wife works for a university in Boston.
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1 February 2025 | 1 reply
I'm thinking of buying this as a rental, renting out the house and fencing the back part and renew a lease to rent it separately.
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4 February 2025 | 1 reply
Do You Already Have Rentals?
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29 January 2025 | 3 replies
As a Mexican realtor, I’ve worked with clients alongside an accountant to simplify the process, including setting up the necessary bank account for rental income.Let me know if you'd like more guidance!
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31 January 2025 | 22 replies
I will provide more information later.The two main setups are:1- Holding company in Wyoming if I want Charging Order Protections advantages, then a Series LLC in Kansas holding my Kansas RE and another Series LLC in Missouri holding my RE in Missouri.2- Holding company in Wyoming if I want Charging Order Protections advantages, then form as many LLCs as I want inside of it, one per rental or one LLC per 2 o 3 rentals.Fees are pretty reasonable and the same as they disclosed before the appointment, on their website or youtube videos.
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10 January 2025 | 5 replies
I agree that pricing a rental too high is a classic mistake than can make it sit, but don't you think encouraging landlords to rent quick will make them compromise on the vetting of the tenants?
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29 January 2025 | 3 replies
Also, I would look at rental rates to property values to determine if any areas are around the 1% rule.
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30 January 2025 | 8 replies
I am however looking to start a rental management company in my area.
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28 January 2025 | 9 replies
I have a few rentals with section 8, and they are professionally managed.