Hi All,Newbie here, just a quick question we are building an addition on our second home, we have a primary residence, and two rental properties. We are trying to not use our retirement funds. Are there any strategies...

Personally, I'm fine with it but I'm not very demanding for a sofa so it means little.

I heard that if you move the personal mortgages to an LLC they could get called and we would want to avoid that3.

Do they have solid banking relationships and broker relationships to lease out the units. 

For me personally with the lessons I have learned - I would build capital before buying anything to hold / flip.

Consider whether an LLC is right for you—it can provide liability protection but isn’t essential for a single property, as personal liability insurance and an umbrella policy may suffice.

I have not personally tried the Wire feature though.I am an Accountant and use it and refer my clients to it as well, connect with me and I will look to see what the costs are to send a wire, they do allow free check and ACH payments if timing is not a factor.I had a client who used Titan, and as an Accountant I did not like it.

It sounds like this is their personal residence.

I both personally invest in real estate and help others gets started/expand their portfolios in various Midwest/midsouth markets.What I do with my kids: My wife and I have 2 of our rentals that are on the same street, with a home in between them.

Renting part of the home after conversion provides additional income and deductions.This post does not create a CPA-Client relationship.