Dean Bergstrom
DSCR, HELOC or traditional loan?
3 May 2024 | 12 replies
Yes you can use the cash out proceeds to payoff a mortgage balance for an investment property since it is still qualified as business purpose use.
Friedrich Ishola
Investing in rental properties
2 May 2024 | 8 replies
We really have no idea where to start but have about 50k in liquid savings and investments.
Benjamin Sulka
Are my reserves too high for a house hack deal?
1 May 2024 | 22 replies
Just an idea.
Forrest Brown
Hold and Rent OR Sell and Invest Out of State
3 May 2024 | 25 replies
@Forrest Brown, I'm never a fan of telling anyone that writing a check for taxes is the best idea, but it does depend on your goals and your potential tax liability upon sale.
Eian Trenkle
Furnishing Rentals from Long Distance
2 May 2024 | 10 replies
Looking for a starting point so I can have an idea of what I want for the local designer.
Layne T.
Best area for a blend of rural / suburban living in North Carolina
2 May 2024 | 0 replies
-Homes that aren't falling apart/need major rehab on the property-Prices in six figures overall not seven figuresWhat 2-3 cities should I really pinpoint in terms of the Zillow map to get an idea of some great options?
Hunter Schenk
Converting Industrial Warehouse into 44 rental units
3 May 2024 | 10 replies
@Hunter Schenk no experience with something like this but I love the idea.
Alicia Cho
Plungie - Installing precast pool in Austin?
2 May 2024 | 3 replies
Precast concrete is a low margin business overall but seeing as this is very special, it would be more that simple stock tanks and the like.I would go for in-ground all the way.
Michael Tompkins
Ready for change
3 May 2024 | 9 replies
I've always used my business solely to generate an income/paycheck, however I'm ready to transition and use my experience to facilitate investment opportunities.
Amir J Reichental
Which address to use when buying a property under LLC?
30 April 2024 | 9 replies
Hey @Amir J Reichental, There are small pros and cons to this: Home Address:Pros:Privacy: Providing your home address keeps your personal information private, as it's not tied directly to your business.Convenience: If you're already receiving mail and other communications at your home address, it may be more convenient to keep everything in one place.Cons:Risk: Using your home address exposes it to potential risks associated with the property owned by the LLC, such as lawsuits or creditors targeting your personal assets.Tax Implications: Depending on your jurisdiction, using your home address could have tax implications, especially if you're claiming any tax benefits or deductions related to the property.LLC Address:Pros:Asset Protection: Using your LLC address helps separate your personal assets from your business assets, providing an extra layer of liability protection.Business Image: Using the LLC address for business-related documents can help establish credibility and professionalism for your company.Cons:Public Record: LLC addresses are often part of public records, which means they may be more accessible to anyone who wants to find information about your business.Mail Handling: If you don't have a physical presence at the LLC address, you'll need to ensure mail forwarding or a reliable method of receiving important documents.Ultimately, the decision depends on your specific circumstances and priorities.