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

Hey everyone, any thoughts on taking out a business loan for buying your first rental property?

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.

There is a chicken/egg problem there because you need the business to need the warehouse and you need the warehouse to have the business.Also, I've thought about finding an accredited investor who would put the money into an oil well on my behalf.

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.

And it’s not just about private business.

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. 

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

Sorry, but these are the costs of doing business.