A relative who does long-distance real estate investing told me that I have to sign the final loan document and the transfer of ownership document in person.

It separates your personal assets from your business, providing a safeguard if any legal issues arise related to tenants or the property.

Hello all! :)Someone I reached out to on an off market deal told me that they couldn't sell because they bought the property as a rental in the 70s and didn't want to pay the capital gains. I'm curious if this has com...

@Niklas Zhu If you tear down your STR in 2025 and convert it to personal use, depreciation recapture does not occur at the time of conversion.

However, because I am unable to make trips to scout locations or look at homes in person.

She is not in a position to lend a personal loan to me. 

I am looking at a 5 unit building that I want to do a condo conversion on. 4 units would be vacant 1 has a rent controlled tenant in there who does not want to move. I would owner occupy it so I don't know if I have a...

I'm not a professional Tax person.

People like to rent from a person not a 'brand', it's more personal.

If there is a due on sale clause in the loan doc then it doesn’t matter what the loan officer told you verbally.I’m not an attorney, but from my understanding of the loan is still in your name personally a good litigator can pierce the veil and your LLC protection wouldn’t amount to much.