Hi all, rookie out-of-state investor here. I've been definitely going through a learning process after purchasing my 1st rental property back in May 2022, and now have encountered another headache where I almost feel ...
Thought it would be fun to see what credit card you guys like for your real estate business. I am not a flipper, I am only looking for a card to use solely for my RE business expenses (buy and hold), nothing else. Boo...
Just wondering what is involved in Turing my business into a LLC
Hi all,
My father in law is going to set up a LLC for a rental property. He plans to make my husband partner with 40% share but we can only contribute about 5% capital. The accountant he uses said this setup shoul...
50% of goss rent goes to expenses right?What expenses are those?Does it include insurance or PMI?Or insurance and PMI is in my mortgage?50% gross rent for expensesAnd 50% for mortgageSo insurance and PMI is an expens...
I've made some poor financial decisions 3 years ago and allowed my credit cards to go into collections. I have 3 credit cards that went into collections and the total amount is $22K. I am now getting all my finances i...
So I'm somewhat new to the Investing world and had a question that I haven't been able to find the answer to. I'll give some background info first. I currently have 2 homes. A personal residence and a investment prope...
This is probably a frequently asked question, but what is the best way to practice analyzing deals. More specifically for buy and hold purchasing?Thanks!
This is a bit off topic but as landlords we try to save on gas driving from property to property.Right now gas prices are trending low and may stay that way for a bit or it seems. I found this web site that allows yo...
I have a self-directed 401K (solo 401k), and purchasing real estate for buy and hold.
However, I would like to grow it by taking after tax dollars (W2) and issuing myself a promissory note of 50K but instead of doing...