9 January 2022 | 6 replies
Search Results (biggerpockets.com)After you have multiple homes in the LLC you simply use software to keep the balances and income/expense per property straight.
11 February 2022 | 8 replies
this simply says that the IRS will not challenge your investment intent in which you rent the property for at least 2 weeks a year in multiple years and your personal use is restricted to the the greater of 2 weeks a year, or 10% of the number of days it is actually rented, And this doesn't count days you stay in the property while you are working on it.There is no statutory required amount of use or residency.
8 January 2022 | 1 reply
I've tried to google key phrases but I've had no luck: "average water bill for multiple fam", "itemized water bill", landlord water bill.
9 January 2022 | 3 replies
Scott's Estimating Rehab Cost book, read it not once but multiple times, start going houses checking out and learn about home depot calculators.
24 January 2022 | 44 replies
Have a great fulltime job with good pay and benefits - After investing in multiple states (8 units in total) (full turnkey) hit a plateau ( 1% rent rule, 9% PM fee, rent ready expense which offset your yearly ROI :) :) ) and the single family deals do not excite me anymore. would like to know from community members who hit similar scenario and how did they get out of this situation and scaled-up.
19 January 2022 | 12 replies
Purchase multiple properties with heloc using it as a down payment (try to force some simple sweat equity to brrrr back DP)3.
11 January 2022 | 11 replies
I didn't even know that i could use the VA loan multiple times being out of active duty.
9 January 2022 | 4 replies
hi everyone. i've been thinking about using my mom and dad's house as a rental property and would like some input. i'll try to provide a lot of information while keeping my post short.regarding my family dynamic: my dad passed away and my mom is living by herself in the house. they want to leave the house to my siblings and i. there are 4 of us (2 sisters, 1 brother, me). my 2 sisters live out of state each in a different state and don't plan on moving back here. my brother and i live in state but we both have our own things going on and don't plan on moving back into the house. ive only spoken to one of my sisters about this.regarding the house: IIRC my mom did a refinance, i THINK because her name wasn't on the loan. for some reason only my dad's name was on the original loan. i'm not sure what the terms are of the loan but i think monthly payments are in the mid-$1000 per month. it's a 3 bedroom 2 1/2 bathroom house. comparable rents in the same city are (according to zillow) listed at over $3000 per month currently. i haven't looked in to property management costs yet.can anyone who's ever split a rental property one or multiple ways with family think of anything that all of us have to consider?
22 January 2022 | 26 replies
There are plenty of people in multiple vacation markets that can't find an AIRBNB when they need it so they don't end up going on that particular vacation.
11 January 2022 | 8 replies
I have always used an individual but if I was further away I would want a place that had multiple employees to mitigate risk of someone being sick or otherwise unavailable.