
13 September 2021 | 2 replies
Does anyone here know how to properly structure their LLC to get the most amount of business credit?

14 December 2021 | 2 replies
I had it under my Personal name and this property is also still in my name which I hope to put into an LLC as soon as I find the proper bank and possibly do it prior or after closing on the refi.

17 September 2021 | 2 replies
Have proper insurance4.

21 September 2021 | 7 replies
There are some that do, but so far I haven't heard of one that provides as much coverage as the insurance companies that specialize in short-term rentals (CBiz, Proper, etc)....so if they do you'll want to see what they do cover, and what they don't cover.Mike

5 October 2021 | 4 replies
They'll tell you which forms to complete and the process to properly reassess if they do in your county for your situation.

4 October 2021 | 4 replies
You may want to hire someone to consult with to make sure you are doing everything correctly.The issues that I normally catch are people not properly allocating expenses to business and personal.For example, mortgage interest will likely be split between personal(part where you live) and business(area where tenant live).Furthermore, I often see people deducting the full mortgage payment when only the payment to mortgage interest / real estate taxes are deductible.best of luck!

22 September 2021 | 7 replies
You can actually make stains worse or permanent if you don't deal with them properly.

16 October 2021 | 7 replies
I don't see why you would go through the headaches of running it when you are better off having a property that will bring in proper cashflow and wont be a sore for you.

2 June 2022 | 35 replies
You should think more towards increasing your cash flow rather than being satisfied with a return you will live with for 7-10 years (normal DST duration).

21 September 2021 | 2 replies
We had a tenant very quickly properly screened and so on well they have to leave and the property only cash flows 183 renting for 2050.