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14 July 2024 | 17 replies
Your current setup doesn't really keep your business and personal assets/dealings separate.To do so, you'd need to transfer those properties to an LLC you own or create a new one for that purpose.If there is a lawsuit, I'd imagine that your name, as the owner, would appear in the documents filled.Just my 2 cents, I am not an attorney, nor a CPA
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13 July 2024 | 8 replies
I currently have 20+ units that serve short-term, mid-term, and long-term rentals.
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13 July 2024 | 2 replies
My advice for conforming borrowers (FHA, VA, AA+, W-2/Full Income) is to check with your current bank or credit union with established relationship.
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14 July 2024 | 17 replies
The loans are underwritten based on current / projected rental income for the property and the applicants credit history.
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13 July 2024 | 3 replies
Newbie here.Thinking bout buying a commercial property from the owner that I feel he’s asking too much$800,000.Rent is $4000 (currently lease )Is this a bad investment?
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13 July 2024 | 2 replies
I am currently a special education teacher looking to transition to real estate full time in the near future.My hobbies include staying up to date with the market, leatherworking, and being a geek/nerd with my friends!
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13 July 2024 | 9 replies
I have sold 2 properties and currently own a place in west New York nj Where I’m doing airbnb and it’s great .
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13 July 2024 | 1 reply
Currently under renovation Lessons learned?
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14 July 2024 | 12 replies
Depending on the market you are currently in, you can buy, for example a 700k quadplex or duplex and your downpayment would be about 35k.
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12 July 2024 | 12 replies
My fiancé and I are open to investing out of state and are actually in a trip in Texas to check out real estate see how we like the idea of staring a family here.Our Starting Point (Conservatively)- Located in Camarillo, CA- 120k portfolio in the stock market subject to short term capital gains with a potential tax bill of 15-20k- Current W2 monthly income after taxes: $7k- Side hustle 1 income: $200 month ($200 in profit)- Side hustle 2 income: $1400 revenue ($0 profit) - debt at 29k- Current debt: $47k (Auto: $29k Student Debt: $18k)*the auto loan doesn’t show on our credit for some reasonHow would move forward in our situation?