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28 February 2024 | 1 reply
If we do all of the banking in LLC1's name, would listing the PERSON that owns LLC2 as an authorized signer pierce the corporate veil?
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29 February 2024 | 14 replies
I am a new STR investor and am looking to get cost segregation studies on the 2 STRs I purchased in 2022, with the hope of using them for bonus depreciation against my W-2 income.
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1 March 2024 | 19 replies
There is some noise in this comment, but overall I appreciate it, especially on LinkedIn, where everything is an echo chamber of "I help create passive income for busy professionals", "Invest like the rich", "create financial freedom through real estate".
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1 March 2024 | 19 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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1 March 2024 | 10 replies
However, it demands strategic and cautious handling.The advantage lies in accessing capital without selling existing investments, but the risk involves putting your primary residence on the line if you can't meet the loan obligations.A HELOC should not be your primary choice, as it carries more risk than a traditional mortgage with higher interest rates.Considering your stable income and disciplined approach to investing, focus on saving for the down payment.
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1 March 2024 | 4 replies
@Alex NgMost likely, income verification will be based on your tax return documents.
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29 February 2024 | 4 replies
I can get a VA loan but again my debt to income with being on this house with my girlfriend and new car is making it hard for banks.
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26 February 2024 | 7 replies
I am not aware of anyone investing by themselves who is using a Corporation for tax liens.
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1 March 2024 | 5 replies
All of my rental properties will be going into the business on the property management side which will provide the company immediate income.
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1 March 2024 | 18 replies
However, if you're investing in low income neighborhoods they are by far the best tenants you can get because most all of them are by and large animals, but these animals stay longer and come with guaranteed rent.