Lori Pyne
Second STVR in Yosemite
6 May 2024 | 6 replies
Plans for additional upgrades in the future.
Keonnee Linnell
Insurance policy on a Sub-to
6 May 2024 | 4 replies
They were paid off in addition to the homeowner, and I pay the mortgage (PITI).
Joseph Scorese
A little bit about me
6 May 2024 | 1 reply
His expertise and commitment to client success make him a valuable addition to the Lendmarq team.
Carlos C.
Thinking of moving my 2 Florida rental properties into LLC
6 May 2024 | 7 replies
I want to understand what benefits it truly brings since seems like my insurance probably would go up after they get transferred.Another reason I'm looking into this is because I've been trying to add my Property Manager as additional insured, but my current company (Citizens) won't do it.Thanks everyone!
John Lim
First property and STR loophole with bonus depreciation
5 May 2024 | 2 replies
Starting next year, I’d like to use the property as a primary residence, but I’m trying to take advantage of bonus depreciation running it as STR for remainder of the year and take the paper loss against my spouse’s w2 income.
Josh Myrick
501c3 investing idea
6 May 2024 | 5 replies
If the rents end up being taxable in the organization, they'll actually be subject to maximum income tax rates very quickly - much faster than if you just did this personally.There are groups now starting with "socially responsible" investing - effectively a standard partnership/syndicate that is "investing for good" - that would likely be a better structure to avoid 501(c)(3) headaches in a for profit venture.
David Song
SF Bay Area housing market show strange rebound
6 May 2024 | 4 replies
This house is under some renovation with an ADU addition, after 4 years of rental.
Jamie Singleton
Renovation Loan and Multiple Contractors
6 May 2024 | 3 replies
Past renovations I dealt with one single contractor who managed the project but this projects appears I might have to go with a plumbing, hvac, and and additional contractor.
Simon Chen
Would-Be Residential Real Estate Investor
7 May 2024 | 3 replies
Putting together a solid team will reduce risks and expedite your investing process.Establish Specific Goals: Whether your goal is to increase your wealth through real estate, attain financial independence, or generate passive income, clearly define your investing objectives.
Emre Dura
Need legal advice for LLC opening as a non-US citizen/resident
6 May 2024 | 5 replies
Foreigner investors can either pay a flat tax of 30% of their gross rental income or elect to file an annual US tax return and reduce their taxes by claiming deductions relating to ownership and managing the property.