21 June 2024 | 10 replies
Some lenders may allow it, while others may require refinancing.Quit claim deed: This is typically how you'd transfer the property to an LLC, but only do this after getting lender approval.Alternative to LLC:Consider an umbrella insurance policy, which can provide additional liability protection without the complexities of an LLC.Tax considerations:Consult with a tax professional about deductions available for rental properties.Be aware of potential capital gains tax implications if you sell the property in the future.Estate planning:Consider setting up a living trust to hold the property.
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22 June 2024 | 7 replies
House hacking it for a year or so, could allow you to build up extra funds for a future down payment, furnishings, and other costs.
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23 June 2024 | 13 replies
I also find trades/contractors are much easier to do business with in person.
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22 June 2024 | 3 replies
Once you see that a company offers such a guarantee, check the Better Business Bureau to see whether consumers complain that the company hasn’t followed through on that promise.Expectations should vary based on the duration of the programs as well.
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21 June 2024 | 10 replies
Allows a landlord to do any of the following because the tenant has contacted an entity for law enforcement services, health services, or safety services:a.
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22 June 2024 | 10 replies
I usually connect my investors with my contractor or inspector to walk through the property so that everything can be sorted out in one go, or I have my clients make an offer subject to a walkthrough, allowing us to get the ball rolling.
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22 June 2024 | 9 replies
Nebraska has no licensing restrictions on business-purpose real estate loans, like flips.
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20 June 2024 | 10 replies
I am a full-time physician assistant getting my real estate license for my own buy and hold business in Georgia.
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22 June 2024 | 7 replies
Looking at Airbnb and VRBO directly it is showing quite a few vacancies even for the busy season.
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18 June 2024 | 12 replies
I know many ways to cut down the expenses of business and be profitable some areas.