I will be doing a short term rental (3-6mo) in my primary residence while living with my gf at her placeShould I open an LLC for tax advantage purposes?

Or do you just make sure there is enough on your primary account.

I would greatly appreciate any advice you all may have for me.STATS for property & self :-Primary SFH since 11/2018-No other loans (no student loans, personal loans, or car loans)-Credit cards: 4 in total with zero balances -W2 employee Questions:-Is it better to get a home appraisal before applying for the HELOC, so I know a more accurate estimate of equity?

I feel like with the BC market being so strong you will likely need to sell at least one property to be a competitive buyer in BC.Another thing to consider is what happens to the status of your primary residence if you turn it into a rental.

The (3) most recent books I have read are Rich Dad Poor Dad by Robert Kiyosaki, Atomic Habits by James Clear, and Million Real Estate Investor by Gary Keller.

Hey @Mantas Motekaitis Usually the best thing to do is refinance your primary residence to fund a renovation like this on a rental property.

I am from regina sk, Canada. i currently have a single rental property from a house which used to be my primary residence.

Is this a primary house, rental, flip? 

Need some advice.I am buying a home that will be my primary residence (drivers license, utilities in my name, car registered to this address, all mail goes here, etc.), yet am considering using it as an STVR.

Most self-employed real estate investors that actually may have a hard time qualifying for a primary residence in their name because of their self-employment take this route via the LLC and commercial buildings. 3) Another option is to look into syndications and/or real estate funds.