Find an experienced eviction attorney and start the eviction on the first business day available.

you can get financing witha  LLC but the lender will require a personal guarantee on the loan.

Nice to connect 😎Its in Joliet - Cathedral area I hope to meet you in person as well?

Real estate investing is forgiving; the average person can still make money even with some big mistakes.

What if the person staying at your place signed a contract but their 1st payment check bounced.

Therefore, it is advisable for the client to consult with their CPA to receive personalized guidance tailored to their unique financial situation.

Do you own these properties in your personal name or through an LLC?

I personally own a property in Windsor Hills Resort, right next door to Disney World, and we absolutely love it.

Right now, the best offers around me are for some 1.3-4 million, that only generated around 100k per year gross, so there would be a high chance of not cash flowing, and paying money, especially with a commercial loan (these buildings have more than 4 units).I was thinking that although the rental itself does not generate money, I would be able to deduct the mortgage interest, and depreciation from my personal w2 income and would be net positive.

JeffWe lead a couple investor meet up groups in person and live stream about the Central Ohio real estate market.