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4 February 2025 | 2 replies
The concern with the DSCR loan is that I need to make the property present as though it's rented to individuals during appraisal (tough since it's a working rehab facility now) and must create another lease that shows the tenant as personal and not a company.
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6 February 2025 | 12 replies
Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.
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16 February 2025 | 1 reply
He personally screened every tenant, handled every maintenance request, and even showed up to mow the lawn at his properties when the landscapers were running late.His phone rang constantly—contractors, tenants, vendors—all needing his immediate attention.
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2 February 2025 | 4 replies
Also, would this loan help build my personal credit, or would it only report to business credit bureaus under my LLC?
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19 January 2025 | 27 replies
Know your responsibilities as a landlord instead of acquiescing to every request or complaint.
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31 January 2025 | 3 replies
Quote from @Ashish Acharya: @Niklas Zhu If you tear down your STR in 2025 and convert it to personal use, depreciation recapture does not occur at the time of conversion.
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26 January 2025 | 17 replies
If you have a chunk of money to get going I'd personally buy the biggest thing you can if you don't I think house hacking into a 4 plex is great.
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9 February 2025 | 8 replies
I have no personal experience with them but they are the only company I know of that are built more for self managers and small portfolios.
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7 February 2025 | 5 replies
I have from time to time spoken with the city administrator, economic developer, & a person at building planning commission.
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12 February 2025 | 0 replies
The challenge was separating business from personal relationship.