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All, I've read there are better tax advantages for using an LLC for rentals and an S-Corp for flipping. I have had an LLC and recently set up an S-Corp to start doing rehabs. I like the control features of the Solo ...
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I have a pretty interesting concept I’ve been kicking around in my head lately: can you buy your own note at a discount. I’m confident this would be near impossible to do directly (in most market cycles), but what if ...
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Hello everyone,
I am considering on purchasing a SFH in Charlotte, NC but the house needs major work too be done. I am considering on using a 203K loan (if possible) the house has been on the market for almost 4month...
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Hello everyone. I’d like to find out if anyone in this forum knows of a reputable property management company I can use for a rental property in Buffalo NY? I am an out of town investor so I need a full service compan...
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I've posted my situation in another post, but I'm looking for more of a theoretical / applied answer to this question: Why / When does it make sense to do a cash out refi to buy another investment property? I don't fu...
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Hello BP,What is your recommended way of keeping track of rental income? At the moment, my tenants in my first SFR pay by checks. Am I to keep all of the checks as proof of rental income for a duration of time?I ask b...
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A few months back, Fannie Mae announced that they would be changing how their Reserve requirements are calculated in the near future. I just had my first few come out of underwriting held to the new standard (I'd been...
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Imagine you had a tough day at the office and went out to eat with your significant other, your significant other was in a bad mood too, you fought during the dinner, everything was bothering you, and it showed. You t...
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I have been building a new construction single family, and will be done in March. The plan was to rent it out for 1650$ once completed. All in costs are around 160-170K. Appraisal is 208k.
However, I’m now getting in...
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I want to do house hack in the DFW area, buying a multifamily and then living in one of the units, but so far I do not like the properties I've seen. I was thinking on changing my strategy to buying a single family, v...