According to passive activity loss rules, every business is obligated to adhere to specific criteria, especially when it comes to short-term rentals.

Getting into business with family only ends in one of two ways, and its often times not positive.

Which will bring plenty of other investors and general business to the area.

There are 6 key areas of having your own real estate business that I recommend reviewing periodically to ensure you are on the path to growth and sustainability.

I’ll reach out to some hard money lenders and definitely look into the FHA 203k Another option that I was recommended by my hard money lender today- was to open a business credit card for smaller loan amounts.

Hey Justin, im kinda new to the business also and im from NJ but i been doing alot of research on title companies and attorneys.

The reason I thought about putting the other house (not the residence) in an LLC, at least any expense can be considered business expense. appreciate your input. 

And it’s not just about private business.

Make sure to have a separate bank account for business transactions. 

Sorry, but these are the costs of doing business.