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Hello, I recently built a home with a segregated portion that I am about to rent out (July 1). I am looking feedback on my strategy. Do I need to find a RE attorney and CPA for this, or is it fairly straight forward? ...
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I have an opportunity to provide a "cash-out" private mortgage on 2 (maybe 3) investment properties for a borrower who has done business with me before. The underwriting is fairly conservative (65-70% LTV) and borrowe...
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I think I know the answer but wanted to verify with more experienced investors. I bought a condo for my daughters to live in while at college and will keep renting after they are gone. They have 529s to use to pay...
I made an offer on a double, it turns out that it's on two parcels with two separate tax cards but deeded together. My loan officer seems to believe this means that I need two separate loans, sales agreements etc... M...
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What strategies can I implement to maximize rental income from my first property, which I intended to convert into two units ( Unit 1:Main house, Unit 2: Basement sun room) but cannot due to zoning restrictions? I hav...
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Has anyone attempted to use one instance of Quickbooks for multiple entities, such as LLCs? I'm struggling to figure out how to best set this up, and do not want to purchase (or have to manage) two separate accounts.
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Different ways to house hack.... let's discussThis works anywhere, BUT your market does impact inventory and prices. I'm speaking from Raleigh, NC where I invest and work with investors. Here are the many ways to hous...
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Good evening everyone!
I am looking for some advice on the proper way to turn my current primary property into my investment property. I currently have a LLC that I would like to transfer my property into but I've r...
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Below is the current situation and I would like to get perspectives on the best way to protect a new rental property purchase.Current Setup:CA LLC 1 (1 long term rental property)CA LLC 2 (1 long term rental property)C...
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- Just found out, tenants are eligible to receive interest on their security deposit ( most likely a few bucks, if that lol ) but they can make a whole case out of it - PA law states, must hold security deposit, in es...