8 December 2022 | 4 replies
My plan is to sell within next 2-3 years to avoid the capital gains tax and move than money into 2 separate properties.
6 December 2022 | 8 replies
If the owner has to pay separately for scavenger/waste removal, and if you need lawn maintenance and snow removal, include all of that.
6 December 2022 | 6 replies
If you have enough that you can buy a separate rental property, I would do that and rent it out to non-family members.
23 December 2022 | 8 replies
Hey BPI have separate LLCs for my properties.
26 December 2022 | 14 replies
The 1003 or loan application clearly states you attest that this is all the liabilities you have or know about and most loans to your LLC’s have recourse or require a PG (not all but often they do).If the borrower signs as an “individual,” on the mortgage or promissory note that is them as an individual pledging to repay, now if they sign as a Manager of XYZ LLC that is a different story (then there might be a separate PG document or perhaps its non recourse or not personally liable).Above is in reference to conventional financing and sure there are DSCR/rental loans out there or other types of products that dont care about DTI (non conforming products, hard money, private/portfolio etc).
6 January 2023 | 14 replies
All are hosted either by military members or recently separated/retired military:- Military Cashflow podcast with @Dan Wynn and Mike Glaspie (Mike is a real estate agent)- The Military Millionaire podcast with David Pere and Alex Felice- Active Duty Passive Income podcast with Kevin Brenner
6 January 2023 | 9 replies
Then for each property a separate "child series" is created.
7 December 2022 | 0 replies
Adding a wall to separate the unit from our home made the apartment more desirable to prospective tenants and the situation tolerable for my wife and kids.What was the outcome?
20 December 2022 | 6 replies
For now everything is great, I just find another house in one of the best neighborhood in Richmond VA, Mechanicsville, a house 3 bed and 2 bath, easily you can rent it out for 1800, plus there are a guest house very separated from main house, fully equipped, 3 bed, 1 bath, 2 living room and kitchen , separated entrance for another street, and parking space for more than 2 cars.
28 December 2022 | 15 replies
Totally separate company.