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18 February 2025 | 10 replies
For example using and LLC to take revenues from properties Etc.
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17 February 2025 | 7 replies
The property was listed in the MLS by a local agent who was also the owner.
20 February 2025 | 2 replies
I have REPS by actively and materially participating in my rental property portfolio, and also work as a real estate broker full time (1099 collecting commissions through a single member/purpose LLC) from buildings I sell.My losses from my rental properties (LLC #A) largely offset any federal and state taxes from my brokerage business (LLC #B).
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10 January 2025 | 14 replies
Hi Tom,Those revenue numbers are wild... they're higher than I would have thought but those three properties are pretty sexy.
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20 February 2025 | 7 replies
Quote from @Jokari Trueheart: HI, almost 11 months ago I purchased 3 duplexes and I borrowed the funds from my personal residence which I took out a equity agreement for the down payment on the investment property, great idea at the time because I have 10 years to pay it off and theres no payment requirement, but , I learned more about the consequence that it takes a large chunk of my equity the longer I take to pay it back, so my goal was to refi cash out the investment property to pay it back but I don't think theres enough equity yet to pull the full $106k needed, I only borrowed $88k but with the equity percentage for one year i'm paying about $18k in equity on top of the amount I borrowed if I pay it off in year one, so I need this paid off ASAP before it increases more.
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19 February 2025 | 5 replies
Look for properties in the same (or similar) neighborhood with the same size and amenities.
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23 February 2025 | 10 replies
You can use your HELOC for down payment to acquire the property instead.
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17 February 2025 | 3 replies
I will say unique properties can sit since you are finding the "right" person.
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21 February 2025 | 6 replies
My business could then pay the utilities, property taxes, mortgage interest, insurance policy, and home repairs.
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20 February 2025 | 11 replies
The units are pretty much turnkey, but my analysis shows that the property will barely break even.