But for Self-storage it is beneficial in two ways. 

In some cases, we may use land trusts to hold the property and then place the trust's beneficial interest in an out-of-state LLC to provide additional asset protection.

Also, you can’t control the monthly cost as much as you would think, there are always assessments, mait. increases, rapid property tax hikes, etc.What is beneficial about the multi fam is you can practically do whatever you want and you can adjust how much of the space you keep for yourself as your needs change.

This may matter she she wants furture flexibility of buying more properties and not getting stuck to just one property in her RE investing career.It may also be beneficial if she doesnt want to get bogged down with a partnership or legal battle over the property by following Rick's advice of only keeping the boyfriend as a legal tenant versus having him on title.Best of Luck -

Although, I heard rumors that Trump will bring the 100% bonus depreciation back in 2025, we will wait and see.Also, some investors still think that regardless of the 100% bonus, accelerating deprection over 5 - 15 years is more beneficial than over 27.5 or 39 years.

What Are Joint Ventures, and Why Are They Beneficial in Real Estate?

Real Estate Professional status is explicitly not recognized by California, among many other beneficial tax rules that exist on the Federal level.

Unless the LTV is VERY low, or the entity borrower VERY strong, we require a personal guarantee of all "owners of beneficial interest".  

Hi Taquana,Yes, having property management and accounting software can be incredibly beneficial for landlords, especially as your portfolio grows.

I always pass by these abandoned buildings or abandoned plots of land ask “ what can we turn this into and how can this be beneficial to the area?