I'd be happy to connect and see if there's any way I can help!

Hi - BP has been a tremendous help so far, so I thought I would try out this new question. 

Since you're considering renting out the condo in 3-5 years, refinancing could help reduce your payments later.

I’d be happy to help you out.

Happy to share insights or help however I can, no matter where you decide to invest, or tell you more about Chatt!

Otherwise, it’s treated as a partnership requiring Form 1065.Get an EIN (Employer Identification Number) from the IRS (free) for tax and banking purposes.Separate personal and business finances by opening an LLC bank account and keeping rental income/expenses distinct.Consider an operating agreement, even if not required by state law, to define ownership and responsibilities.Liability protection: An LLC helps shield personal assets, but you may still need landlord insurance and an umbrella policy to cover lawsuits and unexpected claims.Tax strategy: Rental income typically passes through to your personal return (Schedule E).

If you need help with a loan or anything else, feel free to DM or email me!

Additionally, the property includes an outdoor swimming pool.The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.

View report
*This link comes directly from our calculators, based on information input by the member who posted.

Here's an article full of Opportunity Zone FAQs that you may find helpful.