I'm thinking about allowing a relative to stay rent free (or significantly reduced) in one of my rentals. Is there an ideal way to go about this from a tax perspective? I want to make sure that the property continue...
I know I should probably consult a CPA on this but I'm sure there are a few that can share their experiences. I have a newly formed LLC that I will be using to hold my rental properties. Since I want to keep my busine...
Hello all! I hope everyone is healthy and well
I am going to be using a family member for some private money to rehab a property I recently purchased. I am wondering if its needed to get an attorney to draft up some...
Buying a property where I get 80% equity, he gets 20% and we split ongoing expenses accordingly. In addition the mortgage will be 100% under me. He’s covering the bulk of the down payment. Few questions:-How do we div...
As the title says, I’m just curious how to go about purchasing deals and securing funding under an LLC as to not have investment properties in my personal name. Any and all information is appreciated!
anyone ever hear of MGM good/bad?...im in the process of working out a rehab/hard mony loan with them...i see they are based out of florida
Should I be concerned that opening accounts (credit card, checking, savings) for a business could affect my personal credit score? I have 700+, but it could lower my chances of approval or increase my interest rate fo...
I will begin managing an apartment for my father as of Jan 1, 2016. His current tenant is a friend of my family and he is always late on the rent and since my dad is a nice guy he always allowed it. I have control o...
I'm finding most loans on small multi-families require 30% down, based on my rule of a net income (after debt service and expenses including vacancy and management) of $125/unit/month, 30% down can skew this compared ...
We have one side of a duplex rental property for lease and an LLC has contacted us about leasing the property. Is there anything we need to be looking for or more mindful about? (For the application or the actual leas...