
29 February 2024 | 6 replies
It depends on if the LLC is a single member LLC or a multi-member LLC.If it is a single-member LLC, it is considered a disregarded entity and reported directly on your individual return.If it is a multi-member LLC, by default, it is considered a partnership.If there is no income or expenses(rare to happen), then yes, no requirement atleast at the federal level.

29 February 2024 | 9 replies
Credit is important because that will help you get the better rates when applying, Assets are needed to help you be flexible with your purchasing options because depending on the assets you have you can enter the market at 3.5% -5% or 20%.

29 February 2024 | 17 replies
Speaking with Steve it sounded like if you discuss it with them they will still be open to it and can approve on a case by case basis, it just may not (as he put it) fit into their standard box - but they are willing to go outside the box depending on the track record, etc.

29 February 2024 | 4 replies
This would give me two to four "doors" depending on how many units the "house hack" has available to rent.

29 February 2024 | 8 replies
If you were staying local(ish), Self-Managing could be a great option, but it depends on your REAL job and mental capacity.

28 February 2024 | 5 replies
This is an area of many varying views.
1 March 2024 | 9 replies
Hence it seems rather quiet in this thread.As an ON investor for over a decade I can tell you that tenant nightmares could be real, and yet a lot depends on how you screen and treat those tenants.

28 February 2024 | 8 replies
Depends on the lender, not all require sourcing and/or seasoning of funds.

29 February 2024 | 8 replies
Of course, if you do any renovations on the property to get it ready for rent, those renovations may need to be capitalized (added to your basis) or might be expensed, depending on what is done.

27 February 2024 | 6 replies
Jurisdictions vary, most states it's a 30 day notice, here in Georgia it's a 60 day notice.