
7 October 2024 | 8 replies
While the 1% rule would hopefully apply to an investment property, it certainly would not apply to my situation if I kept renting, as I would only be paying ~$1,600.Let me know if I am misunderstanding.

30 September 2024 | 4 replies
Dissolving the LLC would require starting over with a new entity, which can be more time-consuming and may reset any business credit you've already established.To change the name, you can file an amendment with the Wyoming Secretary of State, which is straightforward and keeps the LLC intact while giving you a fresh identity.

1 October 2024 | 9 replies
A "good lender" doesn't have to do illegal activity to assure a deal will close and an agent has no right to the kind of information that would make identity theft possible.
5 October 2024 | 10 replies
It's crucial to stay compliant and follow the rules to safeguard everything you’ve built.

7 October 2024 | 16 replies
So if you're in FL I'd go with SC or NC especially if you have close ties or family there.Have you ruled out house hacking in Miami?

4 October 2024 | 4 replies
I successfully evicted my tenant with a court ruling in April.

5 October 2024 | 2 replies
Additionally, the limited rental period may not significantly impact the gain, but it’s essential to confirm whether any prorated exclusion applies or if the IRS rules regarding converting a primary residence into a rental property could affect the tax owed.

4 October 2024 | 27 replies
I have created a spreadsheet for quick analysis (with the 2% rule, 12% cash on cash, total ROI of 15% per year, etc) and have just been analyzing any Zillow deals that pop up.

4 October 2024 | 4 replies
As for protocols, just make sure to set clear expectations—cleaning schedules, payments, and house rules—so everything stays smooth during the longer stay.

4 October 2024 | 12 replies
The rule I was told from the planning folks is at least 0.25 miles from existing STR and at least 250ft from nearest residence.