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29 January 2025 | 7 replies
So I wonder if I can sell my home in Idaho, purchase the new one under my personal name, then how many months or years must pass before I can setup an LLC as the owner of my primary residence, or if you think that will be a good idea?
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11 February 2025 | 19 replies
No personal experience with them.
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5 February 2025 | 5 replies
Not sure if they have upgraded to desktop appraisals but if they are still doing in person appraisals , make sure you get everything (scope of work, good faith deposit, social, LLC docs, insurance, proof of prior experience, financial statements) in ASAP.
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17 February 2025 | 61 replies
Now, should you decide to enter into a real estate transaction WITHOUT a licensed agent, one should be mindful to not get unpset should that person get scammed in the real estate purchase or sell transaction.
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3 February 2025 | 47 replies
I am betting your gonna find a lot more friendly amicable persons than shut doors.
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4 February 2025 | 18 replies
Don't talk yourself into a place because of personal use.Buying a $475k condo that brings in 35k in gross rental income will lose a lot of money.
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5 February 2025 | 6 replies
In person is better than over the phone if possible, as I have been told by annoyed or lazy clerks "NO STR allowed" as that was the easy button to get me off the phone, or if they are anti STR.
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31 January 2025 | 11 replies
You must report rental income on Schedule E and can deduct rental expenses like repairs, maintenance, property taxes, mortgage interest (allocated between personal and rental use), and depreciation for the rented portion.
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15 February 2025 | 15 replies
I think of it like an employee or personal assistant.
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11 February 2025 | 6 replies
Less commonly, I’ve seen investors prioritize the 70% rule when evaluating deals.With so many different benchmarks out there, I’m curious—what metrics do you personally prioritize when analyzing deals?