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

This means that you will probably need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident.Any lawsuits should be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced, some debate as to SMLLC).

Refinancing won’t bring us that much to buy out this partner.

Example using fictional figures:We buy a 10 acre lot, taxes are $1,000We subdivide it into 10 x 1 acre lotsNo properties are built at this stage, just landDoes the tax remain at $1,000???

You can also look at the home for the ARV potential.For example how much will it cost to renovate versus the ARV in 6-12 months to then use the equity doing a cash out refinance to buy another property.

Are you looking for recs on an area or how to buy a property?

I am a single mom but have been working hard to become familiar with this new world, and my long-term goal is to buy more rental properties over the next 10 years.

Hi Everyone,I am looking for advice on the Janesville and Beloit markets in Wisconsin. I currently live in Madison and am a Real Estate Agent with a Property Management firm here in Madison. I am very familiar with th...

I’ve already disclosed in my contract that I may assign it, and I’ve disclosed that I am buying it for a profit.  

Do you pay any extra toward principle of your primary or buy-and-hold rentals?