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5 February 2025 | 5 replies
Some of the benefits are transaction speed, limited liability protection.
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30 January 2025 | 62 replies
When you hear something STOP, think on it, ask if it makes sense, then SEEK OUT additional info, seek out CONTEXT.
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27 January 2025 | 0 replies
If a home is titled in a trust (or an LLC), the trust or LLC should be added as an additional insured to avoid potential disputes during a claim.To confirm, we reached out to an insurance carrier, who clarified:“A carrier can potentially deny a claim if the home is titled in a trust or LLC but the insurance policy is under the individual homeowner's name.
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5 February 2025 | 6 replies
I know this is a very old thread but if anyone comes across it I wanted to add some additional thoughts that might be helpful.
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5 February 2025 | 2 replies
HUD loans will take drastically longer (I've never used one personally), but there can be benefits to using these loans if you're a long-term owner.The interest rates in your Key Considerations seem very low for agency loans and they're definitely low for bridge loans.
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26 January 2025 | 4 replies
In addition to your down payment, plan for closing costs (around 2-5% of the purchase price) and set aside at least 3-6 months of expenses for repairs, maintenance, and vacancies.
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22 January 2025 | 0 replies
Here, we’ll break down what mortgage recasting is, how it works, and who can benefit from it.What Is Mortgage Recasting?
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9 January 2025 | 11 replies
Depending on how you use the property, you may benefit from a cost segregation study and bonus depreciation once the property is in service.
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4 February 2025 | 4 replies
I feel this is a little benefit that helps set me apart from other landlords in my area.
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29 January 2025 | 12 replies
There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.