Hey everyone, any thoughts on taking out a business loan for buying your first rental property?

Eventually but looking from an experienced investor's prospective is helpful.

According to passive activity loss rules, every business is obligated to adhere to specific criteria, especially when it comes to short-term rentals.

Which will bring plenty of other investors and general business to the area.

I’ll reach out to some hard money lenders and definitely look into the FHA 203k Another option that I was recommended by my hard money lender today- was to open a business credit card for smaller loan amounts.

There are 6 key areas of having your own real estate business that I recommend reviewing periodically to ensure you are on the path to growth and sustainability.

I seek proposals from people experienced in weekly and monthly rentals to set up and operate the bottom unit.

that is the pro :-) we always forget the cons :a) current appreciation is very different right now, some CA property is getting hot but FL and TX experienced price reductionb) SF condo has depreciation, but san mateo condo has appreciation lolc) dont forget eviction, maintenance, tree falling, renter not paying, insurance increase a lot and property tax also increasethe risk/reward in rental today's market is not as enticing as 12 months ago.no more 10% appreciation with 7.4% mortgage rate.

Hey Justin, im kinda new to the business also and im from NJ but i been doing alot of research on title companies and attorneys.

The reason I thought about putting the other house (not the residence) in an LLC, at least any expense can be considered business expense. appreciate your input.