Still others allow for additional foundation options.Generally, though, mobile homes do not sit on a traditional foundation, unlike stick-built homes.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

Using cash-out refinancing, you can grow your portfolio with minimal additional cash from savings.Lasts throughout Your LifetimeYour rental income depends on your tenants maintaining similar wages throughout your lifetime.

Additionally, I’m partnering with a friend where we then can take advantage of a first-time homebuyer program, but we’re unfamiliar with the available options in Charlotte.Your guidance and expertise in helping us find suitable properties and navigate these programs would be greatly appreciated.

Anyone know of a home owner's insurance company covering Lansing Michigan area for a 4 unit with additional accessory unit for a rental built in 1917 ?

Why would you continue to make additional investments after you were promised distributions and received zero on a couple deals?

Plus any additional capital you put in.So if you bought a house for 100k, sold it for 200k, took that 200k and invested it into a new property with a 1031 exchange.

W-2, 1099, etc.) with passive income/loss from my rentals (STR, LTR) is to meet the IRS requirements for Real Estate Professional Status or REPS (this also requires material participation in addition to specific requirements to be considered a REPS).Very unlikely that you will qualify for REPS with only an STR and a local property manager.

In addition to joining the seller to the buyer at the hip for several years/decades when the seller wants a clean break, the properly-discounted, risk-weighted, money to be received by the seller is less than the immediate sale price.

Current plan is to take out an equity loan on the property (tax rolls have it at ~$300k) and use some additional cash to build 4 units, then refi, then build additional units until we have ~20 doors on the property.