Hopefully you've made some gains in all of those states you're rolling through!

This way, if the roommate wasn't really meshing well in the house--but didn't do anything that you could legally evict for--I could simply give a 30-day notice to vacate.

Institutional investors have long understood the merits of this asset class, and relied on it to gain stability that balances market uncertainty.

I'm setting up two LLCs with one for the flips and one for the rental properties.The flips will be an S-Corp exactly as you said to try and make room for some of that income to be taxed at a lower level.Having the separate LLCs is necessary not only for legal protection, but to keep the accounting separate.

@Ryan Canfield to get another FHA loan for increase in family size, you have to provide evidence of increase of legal dependents, and the LTV on your current primary that you are vacating must be 75% or less.

To legally protect yourself you need to stay the course on the eviction.

No legal advice given

The capital gains exemption is for single or married couples.

Happy Thursday to everyone,

I need some information, hopefully somebody here can help me. I know that when you are investing on a multifamily or apartment building, when you apply for a loan in order for the banks t...

If it is 15% down they could get a lot of money from you upfront and then get full recourse against you selling at an inflated price.One scenario non-recourse you learn on the property and then hand it back with minimal losses if it turns out to be a real dog.The other situation is they have full recourse against you on the loan, they sell you an inflated price, you put a bunch of money down 15%, and now they won't let you out of the dog of a property and every waking day you are dealing with problems.Owner financing can be great if set up properly.No legal advice given.