I am currently brainstorming strategies and ways to get into REI and came across a question of, "when I buy an investment property or properties, and I'm not starting an LLC or corporation so I'm not opening a busines...
How would you go about hypothetically renting a 4 bedroom and a 2 bedroom cabin on the same property (approximately 100 yards away from each other ) With the overall property on several acres.
Would it be best to do...
First time I have sold a rental house. I've always done my own taxes. I have been depreciating the refrigerator, gas range, carpeting and tile flooring improvements separately from the house as they were improvements ...
Does anyone have sub-meters for their water/sewer on their multi family properties? If so, who do you use?I am considering if for one of my existing properties and a remodel that I have coming up.
I have my eye on a a single family residence with an in-law suite and large finished basement and would love to find out how to turn this property into a duplex or triplex. Anyone have any experience with this process...
Hey People!We recently purchased our first STR in the Dallas area, and have set up some cameras, sensors, etc. We are using Amazon Alexa and Ring for our features. We have some cameras and a doorbell at our STR, and...
So, I am in the process of purchasing two condo units in the same building. Is it customary for me to pay for 2 appraisals, 2 lender application fees and etc. The condos are being sold by the same owner. Do lenders n...
I'm in the final stages of buying my first rental. This will be an owner occupied duplex. Since I can't include expenses for my unit for tax purposes, I'm wondering how I should handle accounting for my unit.
Shoul...
So it is recommended to have each property in its own LLC. However, having to run separate books for each entity is a hassle. Is if possible to have one LLC own multiple LLC.s ? Then just run one set of quick books ...
I am currently trying to purchase both sides of a twin home. Each side of the unit has separate deeds. Does anyone know whether I will have to get two separate mortgages along with all of the associated closing cost...