Danny Nelson
What am I BEST set up for?
7 May 2024 | 4 replies
Parents as co-sign which mitigates that issue 99/100 I believe. - Available for FHA - 23 years old, live with my parents and I love it, as do they, so no rush to move out.- Hard/smart worker.
Marc Delgado
Outsourcing Accounting/Bookkeeping duties
7 May 2024 | 16 replies
She also spends a lot of time just correcting their errors because pointing their errors out to them causes them to point fingers in every other direction and they take no responsibility for them.However, our corporate parent is realizing some savings, so we're stuck with this nightmare.Definitely NOT recommended.
Rachel Degani
Risks associated with triplex vs. duplex?
7 May 2024 | 5 replies
For example, my parents and inlaws don't invest in real estate.
Avinash V.
Help needed : is it worth converting to STR/mid term
6 May 2024 | 8 replies
They should all have co-signers by the way if they are students.MTR or STR could be a great for parents coming into town and has worked well in some areas.
Briana Howard
16 wanting to start and learn real estate
6 May 2024 | 3 replies
Ask your parents to add you as an authorized user on their credit card, then put it in a drawer.
Robert M.
Parents loaned me down payment for duplex, I sold it, now who pays capital gains?
3 May 2024 | 33 replies
Always, always, always pay back your parents.
Devin Callon
Checkbook IRA cash management
5 May 2024 | 8 replies
so can't you just wire back the cash from your IRA/LLC to the original parent IRA account at the brokerage and then invest in 8 week treasuries at 5.5% or if lazy then buy USFR at 5.4%?
Jimmy Humphrey
Over Leveraged?
10 May 2024 | 116 replies
You learn to drive, you get shown by your parents, you read the drivers manual on how to drive.
Immanuel Pierre
Property Manager for Rent by the room property
4 May 2024 | 3 replies
@Immanuel Pierre one thing I have seen people do successfully is to use one of the current tenants as the "house parent" and reducing their rent a bit for the added headache.
Matthew Kauk
Llc for AirBNB/STR
3 May 2024 | 8 replies
Without that you can be sued personally for any issue within it on your str.Its much harder for people to pierce the corporate vail and sue you personally if your property is owned and managed in a LLC .Financing is one of the only drawbacks as it is a commercial process and banks usually like to see 3 years of a decent tax return.We have 19 properties and all are in an LLC and in fact we only hold 2-4 properties in each LLC (all are owned by one parent company and done in one flow through parent company)to even further shield the liability that may/can occur on a property.There is no doubt you are exposed to higher risk on many fronts if an investment property is held personally.