The upside is, even with a personal guarantee, the mortgage will not show on your personal credit report.Lastly, in both, while LLCs do offer a level of protection, which is certainly valuable, they also require more work.  

Your brother-in-law’s 10% ownership won’t affect your ability to claim this exclusion on your portion.Unfortunately, the option to roll proceeds into another property (like a 1031 exchange) only applies to investment properties, not personal residences.You’re likely eligible for the exclusion, but I recommend confirming with a Tennessee tax professional for any specific state tax issues and to verify your status with overseas residency.Let me know if you need more guidance on this or related financing!

But if you need fast cash and have a valuable property, hard money loans could be a better fit.Have you had any experiences with either type of loan?

There will be competitors in your market that offer viable housing options, so how do you capture these valuable contracts?

Hi everyone,I'm looking for guidance on setting up my LLCs to be as tax-efficient as possible as I prepare for my first multifamily property purchase.

Your takes on property management on BP are some of the finest I've read--wise, clear, efficient, professional, timeless--and thus excellent guidance for investors at every stage.On this issue however, I believe MTR is a long-standing, if unnamed, niche within LTR.

In similar situations, it may be worth considering renting first and selling later when market conditions are more favorable.Finally, the importance of choosing the right agent is a valuable lesson.

I’d love to make this happen, but any advice or guidance for a newbie investor would be much appreciated!

I have found 25 Storage Units I can purchase for 125000, with 20 units rented out. The rents total $1,100+ monthly. I want to purchase them using a DSCR and need help with this deal. Is it possible to do. The place al...

@Jordan Dashwood, thanks for your suggestion and guidance.