Yes, the LLC is pass-through but by living in a property as a primary residence owned by the LLC they won't be able to claim a homestead property tax exemption if they are offered there.

I am trying to position myself so that I will get approved when I have enough equity.

I have turned my primary single family rowhouse in Philadelphia into a rental.

We have helped many clients purchase a primary home and rental property and have helped with the ADU process.

We tried to stay positive and hopeful that we would see the value in the program and that it would be worth our time and money, but we were just kidding ourselves.

With the new Business Owner/Investor continues to pay the Mortgage with a service company so payments Principal and Interest go to the Bank as scheduled per the original MortageHow can the new buyer do a wrap (#subject to) with the #first #lien for the underlying mortgage where as the Seller equity is in the second position?

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

I want to create capital (I have some in my flip, future sale of my flip, possible HELOC on my primary, and investment acct) and I want to put it into cash flowing assets.

To generate passive income from rental properties, investors should aim to purchase properties with positive cash flow, meaning the rent income exceeds the expenses associated with the property.

It’s not in West Chester downtown. the property gives positive cash flow , so I am thinking about buying it.