Banks that strictly follow Fannie/Freddie won't allow you to close in an LLC, but if you do a debt service ratio loan (this is nonQM, meaning not conforming conventional) you can.

I wanted to follow up and say I attended the meetup.

Hello all,I came across this post and wanted to follow up even though it’s been a while.

The following details matter when asking this question and you didn't provide them: Level of participationREPS or notType of property (short-term, long-term)Since you didn't provide them, it look Austin Cheatham answered the question assuming long-term, and didn't take the other factors into consideration.

The tax advisor you are speaking with will call it that because they want to demonstrate their value but all they are doing is following the tax code.

As an investor-focused agent in the Cleveland market I always have my clients write the following contingencies in when buying a house that's tenant occupied:1) Offer contingent on home inspection- usually a 7-10 day contingency period, this contingency allows you to either A) move forward with the deal B) renegotiate the price if issues are found, or C) walk away from the deal2) Offer contingent on appraisal if you're going financing3) Seller to provide copy of current lease agreement4) Seller to provide a rent roll/tenant ledger with proof of payments received5) Seller to provide copies of 3 previous months of any utilities paid by the landlord6) Seller and tenants to fill out Estoppel Certificate.

So they could get some of those depreciation benefits this year rather than waiting to take those benefits in the following year.

Where if we use our own personal funds (not funds acquired from our spouses or from our marriages) our business would be strictly ours and our spouses have no claim to it should one of us ever divorce from our spouse. 2) Invest with my husband using the equity from our home but I want to have a business structure that is separate from the marriage where we are both partners and we are paid for our individual contributions to the business.What type of business partnership could I have with my husband that can be setup in that way?

In our listings, we often say something like, “A well-stocked kitchen with everything you’d expect to find at home, and perhaps a little more.”Check-in Follow-Up Message: We found that one specific message set us up best for a 5-star review: the follow-up message.

Clean the place up, then rent it at market rate to tenants that know how to maintain a home.Any time you have a lease violation, you should follow a simple process.