Isn’t it 80 percent this year, then going 60,40,20,0 each subsequent year later?

Also lawyer fees to deal with the move-in and subsequent payout (~ $15000) It's in an up and coming area though I do think the rents are close to the max for the neighborhood currently.

@Yamundow Camara definitely want to open a separate account for your investment and preferable a separate one for each subsequent property.

At first I didn't even recognize it after subsequent storms.

I didn't mention why they aren't applicable to most here as I thought it was obviously but I subsequently realized it might not be obvious to everyone.The idea that people can move to idyllic places part or full time and reduce or eliminate their tax burden could potentially work from pretty one, except for the citizens of the US and Eritrea.

Hi all,I am a new investor in the Denver metro area and am doing a bit of work for a home that I bought a few months back (demolition of a back area of the house and its subsequent reconstruction).

Plus they have cash to invest if the market craters and, most importantly, they sleep great at night.

I had a family friend who was a former contractor inspect the home and he found no issues with the foundation, electrical, or plumbing (I still plan to get a subsequent inspection).

As long as your lender approves of the loan being taken out in your personal names and subsequently deeded into your LLC without any 'call for payment upon transfer', there is no issue signing both deeds the same day.

My question is whether or not I should start an LLC now and be ready upon my transfer, or if I should wait until I find a deal, and subsequently start an LLC in the same state as the property?