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24 January 2025 | 5 replies
With the exception of building a trailer on the property (these are hard to finance), this sounds like a good plan AND if you are using it for your business AND your business pays more than 50% of the rent (if you have more than 1 tenant), then this is a more financeable property in the eyes of banks and credit unions as it would be consider a commercial "owner-occupied" property.
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5 February 2025 | 5 replies
As a medium-term rental, you'd be in better position to be connected with Insurance Company that way.
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29 January 2025 | 8 replies
The more the better.
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21 January 2025 | 3 replies
I would encourage anybody with an SDIRA to consider switching over to a Checkbook IRA for some of the following reasons:1.
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6 February 2025 | 9 replies
For example using and LLC to take revenues from properties Etc.
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3 February 2025 | 2 replies
Congrats on taking action to get this first property under your belt.
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4 February 2025 | 2 replies
Use Real Estate By the Numbers as your guide, make sure it tracks the loan pay down and depreciation and have all of those numbers pour into a Schedule E.
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8 February 2025 | 1 reply
What tools or methods do you use to verify income beyond traditional documents?
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5 February 2025 | 4 replies
Those are a great way to get started, along with podcasts and books.
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7 February 2025 | 21 replies
Understandably, it probably appears that I am jumping the gun with only 16 units (maybe I am).