This allows you to generate passive income through rental payments.Financing Additional Properties: Use your equity to secure financing (like a home equity loan or line of credit) to purchase additional rental properties.

I had already been doing projects on the house and over the course of about 8 years I had made quite a few improvements.

In talking with people already in the game, many have told us that long term rentals right now are not a great option due to high home prices and higher interest rates; they would be very hard to cashflow aside from a sizeable down payment.What these same people have recommended is fixing and flipping right now, since homes are still selling.

Use the opportunity to improve your lease.

I spoke to a lawyer who says I need to move my passive investment homes to a Java fa llc and each home should go into a land trust.

I've checked references and visited their work on other homes but am still agonizing over this decision.

Hey Manas,The Tenant Improvement (TI) allowance is typically negotiated between the landlord and tenant and is used to cover the costs of customizing or renovating the space to fit the tenant's needs.

Currently I like the idea of having long term rentals for my future, but I really enjoy managing my place and think that I would enjoy doing property management as I would get to help others make money and help find a home for future residents.

We purchased the home on 11/01/2022 for $250,000, invested $20,000 in renovations, and sold it for $350,000 on the same day.

We have an 8 bed 6 bath home in Houston that we renovated.