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29 April 2024 | 5 replies
You have to talk with your mortgage providers to see if they are allowing you to move them to an LLC.In rental is good to have an LLC for liability however for taxes there isn't a big difference in small investments.Your credit report won't show the mortgage anymore but you still have the liability in your history.
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1 May 2024 | 4 replies
Allowed to put less than 20%3) lower mortgage interest rate4) proportionally straight line depreciate your property.
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1 May 2024 | 8 replies
If you are able to make considerable improvements in those first few years while living there, being an owner occupant during that time also allows you to take out a HELOC on the property much more easily than on something that's already a rental, giving you valuable access to capital for subsequent projects.
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1 May 2024 | 26 replies
This doesn't mean fulfill it, but just respond.Depending on the request and how much is required to compile it, they are allowed to charge fees.
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1 May 2024 | 56 replies
From the reading I’ve done it seems that he would lawfully be allowed to have the camera there unless it’s pointing directly at a door?
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1 May 2024 | 27 replies
hi all, i’m newish to BP boards, thank you in advance for sharing your opinions + experience.i’m looking for opinions about how helpful an additional sleep number is in the income + rentability of an str.i’m potentially purchasing a 3 bedroom, 2 bath property which i will STR + also live in part-time.ideally, i’d like to have:*a king bed in the master bedroom*a queen bed in one bedroom*a queen memory foam pullout sofa in the third bedroomthis would be a 3 bedroom that sleeps 6this is my preference for:*general look of the house / not a house full of beds*number of guests/noise/cars*septic*would allow me to create a cute ‘chill out’ space in an extra bedroom-sized nook elsewhere in the house, which i think would be appealing to travelers.
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1 May 2024 | 7 replies
I agree that it's harder to manage by the room logistically (roommate dynamics, common area cleaning, etc) but it is allowed.
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1 May 2024 | 3 replies
Hey James - It depends on whether the property is in your name or titled to an entity - many lenders that offer HELOCs on investments don't allow entities, which is a problem for some investors.
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1 May 2024 | 5 replies
In the near future, I will have a very decent amount of capital available to invest, allowing me to make strategic decisions to establish and grow my business effectively.Thank you in advance for any assistance you can provide, and I look forward to engaging with this community as I take my first steps into the Air BNB Arbitrage business in the Anchorage/Wasilla, Alaska area.
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1 May 2024 | 11 replies
Hopefully your flexibility will allow you to move to the market you select to give you that boots on the ground advantage.