Unless you have a clause in the purchase of the entity that clearly makes you responsible for the entity from the day that you buy it(Indemnification) I wouldn't bother with the LLC.Good luck man. all the best!

Hey All,I'm a newer investor in the Phoenix area and I recently passed 1 year since purchasing my first duplex and house hacking it.

Quote from @Christina Venegas: Quote from @Dominic Mazzarella: Quote from @Christina Venegas: is it possible to do HELOC on a primary home that was purchased 6 months ago with 5% of down payment, the property was $145k and it was appraised at that time for $160k. i need advice from investors and lenders, if anybody knows some lenders that could help me I would really appreciate it, thanks for taking your time to respondIt’s definitely possible to get a HELOC on a primary home, but most lenders have a seasoning periods which are typically 6-12 months after purchase before they’ll allow it.

.- When handling insurance on previous subto, we purchased new insurance, canceled the old insurance which was part of escrow.

Purchase price: $360,000 Cash invested: $40,000 Purchased this single family home last year.

Your adjusted cost basis is the purchase price plus capitalized improvements minus depreciation. 

These are our first two rental property purchases.

I would like to use the equity I have built up in my current duplex to purchase another investment property.

I have recently just purchased my 4th investment property all in my name and have accumulated a DTI of 45.9%.

.: Hello,I've purchased a few properties now and this is a first.