Investment Info:Single-family residence buy & hold investment in Beloit.

“…states still have authority to require notice filings and collect state fees.”This means you need to check with each state where your investors reside to ensure compliance.Final Warning: Don’t Cut Corners – Follow the Law!

Since the original loan was apparently for a primary residence an LLC could never qualify because it isn't a person who would owner occupy the property. 2.

Quote from @Christopher Stevens: Investment Info:Single-family residence buy & hold investment.

I'll be keeping your info as I'm about to be a North Carolina resident and property investor.

I have 880 credit score, decent savings, and no other debt except for 300K mortgage on my primary residence (worth $1.5 million).

., mix STR with personal use or convert it to a primary residence), depreciation recapture is not triggered immediately but will apply when the property is sold.

You post, and potential residents will reach out...or maybe they don't.

Im basically looking for advice on how i can save as much on taxes as possible.Part of the property is your primary residence, which does not qualify for 1031 Exchange treatment.

Here’s a bit of background on my current situation:I own one rental property that generates $1,900 per month in rental income, and it is paid off ($300K).My primary residence is also paid off ($288K).I’m currently building another rental property with cash ($200K).