Some lenders may allow it, while others may require refinancing.Quit claim deed: This is typically how you'd transfer the property to an LLC, but only do this after getting lender approval.Alternative to LLC:Consider an umbrella insurance policy, which can provide additional liability protection without the complexities of an LLC.Tax considerations:Consult with a tax professional about deductions available for rental properties.Be aware of potential capital gains tax implications if you sell the property in the future.Estate planning:Consider setting up a living trust to hold the property.

We have a HELOC on one of our properties that allows us to get hard money loans.

The RTP area, comprising cities like Raleigh, Durham, and Cary, is an attractive option for several reasons:Strong job market and population growth, driven by the tech, research, and education sectors, ensuring consistent rental demand.More affordable home prices compared to Charlotte, allowing for better cash flow from rental income.Areas like Cary, Apex, and parts of Raleigh have newer construction townhomes/condos that fit your criteria.Potential for long-term equity growth, as the region is seeing steady appreciation.Some recommended areas to consider near RTP:Cary (especially newer developments like Amberly)ApexNorth RaleighDurham (for slightly lower prices)Charlotte is also a solid option, though it may be more expensive:Strong financial/banking sector driving job and population growth.Higher home prices but potentially higher rents as well.Newer townhome/condo developments in areas like Ballantyne, University City, and South End.Robust long-term equity growth potential, but higher entry costs.

Hi all,I have recently established my land acquisition business with the goal to purchase parcels of land, either within data center opportunity zones or areas with the potential to allow for data center development, rezone the property with submitted plans, then sell to developers ‘shovel-ready’ within the various jurisdictions of the Commonwealth of Virginia.I understand there are multiple mechanisms that come into play including obtaining financing (partnering with an experienced investor), utilizing land-use attorneys, land surveying and engineering firms, appraisers, as well as approval from local planning commissions, board of supervisors, etc.Would there be any investors who are currently active in this niche?

I would first confirm that your HOA allows rentals, specifically the terms that they allow, or any other rental restrictions that may need to be followed.

Finally ready to take the plunge and actually start investing in real estate rather than just talk about it, so I upgraded to Pro.I'm focusing on BRRRR single family homes to start and as I do not own my own home, I am looking to house hack for my first deal.Still early in the education process and putting together my team, but excited to progress forward and hopefully connect with local investors.

A 20% increase in property taxes (or anything higher than 5%) can really screw up your multi-year pro-forma and your projected returns.In Texas, you are allowed to protest the value the appraisal district appraises your property at.

Lenders have expanded their guidelines to allow for up to 85% financing assuming healthy credit and income is producing above what the debt obligation would be for the home. 

Choosing Between 506b or 506c: Both have their pros and cons. 506(b) allows you to raise money from accredited and up to 35 non-accredited investors, but you can't publicly advertise. 506(c) allows for public advertising but only accredited investors can participate.

Question for this team: is there a decent rental market for single-family homes like this?