Rental in FL has equity of $280k (mortgage of $200k) We would also like to structure as a business or trust as opposed to reporting everything on our personal income.

Due to the new IRS regulation on venmo and other cash apps regarding having to report any income over 600$, I am hesitant to use these platforms.

Can they report me to credit agencies and hurt my credit?

Then report back with what you think the answer to your question is.I love the energy, love the attitude.Happy 2022!

Liens are on the property or the bank is stating they show on your credit report? 

I'm also gathering that there aren't really any tax benefits with me using the LLC vs. personal financial reporting either.Is my only benefit to the LLC the ability to make polo shirts with cool logos?? 

View report*This link comes directly from our calculators, based on information input by the member who posted.I'm looking to take the plunge and make my first investment in a multi-family property. 

Yup, my question was not clear...sorry...How do I know if the area where I would be potentially buying, is a good place for rentals...are there rental reports, market analysis for rentals?  

We received multiple contractor bids and hired a structural engineer who created an official report that directed the contractors to conduct specific work.  

But you must have a pre existing relationship with them. 506b also has onerous reporting requirements like a yearly financial audit that will run you $10-$20k, so if it’s less than $1M a 506b may not be way to goAnother is a reg a+ offering but that costs $100k+ to setup and requires registering and review by sec.If you want passive investors who are not accredited there are not many options.