Hi, I am a RP starter in TX who is looking to secure a line of credit for their second rental property. I have bought the barren land already and am looking for around a $50,000 personal line of credit to use on the t...
I am going to start building my credit with a secured credit card when I turn 18 to make it easier to get the financing for income property. I recently started researching entities and I can across something called a ...
How is rental income taxed? For example if I have multiple investment cash flow properties and when tax season comes. Is the total income whether vacation rentals/ long term rent, taxed as regular income tax based on ...
A dead tree from the property next door fell on the garage of one of my properties. I understand this is my responsibility and I filed an insurance claim and the garage is currently being rebuilt as the entire thing w...
Hello everyone. My name is Erick. I live south of Detroit and I’m ready to start my adventure in real estate investing. I purchased my first home 17 years ago and lost my butt on it. So I’m hoping to sell it soon and ...
Hey guys, I'm doing some research on a pre-foreclosure property that is about to go to auction in the next 2 months and I just saw the possibility that the only person in the title of the property may be deceased sinc...
I’m a little cloudy on the specific tax Benifits you get from owning rental real estate. So please correct me if I’m wrong....I bought a 4 plex this year with a VA loan, it’s considered my primary residence. I don’t m...
I am buying my first rental property. I have no dept and my net worth is about 150K, and I would like to keep it that way. Questions are 1. Do I open an LLC to protect my personal assets? If something should happe...
I have a Series LLC I use to collect income for my consulting business, but the income goes to my personal checking account. If I created a child series to hold an investment property (not collects rents though, just ...
Hi!Need some advice. I own several 2-4 unit multi-family buildings in the Chicago areas with loans, but the banks are starting to question why the title has changed from my personal name to a Series LLC. Not only is t...