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22 May 2024 | 5 replies
To keep the home loan people from getting confused, you will want to NOT report the rental income/expenses on your personal tax returns Schedule E, instead have the LLC do an S-Corp election, and report the income/expenses there (after confirming the truthiness of all this with your tax professional, of course).
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22 May 2024 | 8 replies
People often refinance to much money back out of the deal and turn the property into an alligator that no longer pays for its own PITI.
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21 May 2024 | 1 reply
This is a great place to learn and to connect with people so take advantage of all the great resources.
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22 May 2024 | 30 replies
Tell the people you interview the address or just the area and the property details (so they don't look up current rental info.)
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21 May 2024 | 10 replies
. * when I say private lenders I mean true private lenders; people who lend to you becuas they know and trust you.
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22 May 2024 | 48 replies
Happy to find people that have existing BiggerPockets profiles/history as well.Wrapping it all up...
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21 May 2024 | 58 replies
The people who are the "business development" people like Laura working for this company, how do you think they make their money?
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22 May 2024 | 6 replies
Typically I find after I've owned the home for a year the cost of a home warranty isn't worth it and I can find people to do repairs at a pretty good cost.
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21 May 2024 | 21 replies
Attend meetups and meet as many people in RE as you can.
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22 May 2024 | 3 replies
I have a few people to send this info to.Mike