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Does the "Purchase Option" system work?
I just read an article about a system called the "Purchase Option" system. Basically, you find a motivated seller and offer to lease their home for a number of years and then have the option to buy them out at the en...
Minna Reid
Ok - tear up my possible LO deal
So I ran into a possible deal and i'm just not seeing the problem with it - but I'm a little rusty so I thought I'd have all of you tell me why I should not do this. The owner is completely stuck at market price. Howe...
Jim Kelly
LLC question put in old LLC or have to make a new one?
I have a LLC but it's for fabrication bussiness.... if I buy a rental property can I put the home into this LLC or do I need to make another LLC for house rentals? I'm ramping down on that bussiness and ramping up my ...
Michael J Scanlon
2-4 unit home possible
I have some questions regarding home possible, all pertaining to 2-4 unit properties. Can a buyer who will occupy use a non-occupying partner to buy the deal and split ownership?Can a buyer who will occupy borrow fund...
Brodie J Meaux
Questions about number of LLC’s
Is it best to make an LLC for each rental, or single family dwelling I plan to own. Or better to have one LLC for all of my rentals I plan on owning.
Tim Vander Ploeg
Short term rental tax questions
I am purchasing a home on Houghton lake MI, and have a few questions.
Am I better off putting it in an LLC or just in my name, and do I need a specific loan or anything to maximize tax potential?
Can I write of remo...
Kelly Dorethy
Business Structure - LLC
HI everyone!
I am writing to ask how you chose your business structure for taxable events and passthroughs? Specifically, is there any good reference material you could point me to....?
Kayl Kam
LLC, CPA, depreciation, tax write off - Rookie turning residential into rental
Hi all,I am planning to turn the current residential property (SFH, 4b/3.5b) into a rental since I am relocating to another state. I put 5% down 2 years ago (conventional loan with PMI), fixed interest rate of 2.875%,...
Gunnar Brown
Starting Out with or without a LLC/SCorp???
Good morning,I am seeing a lot of reference about LLC and my business being thrown around. Before i get started with my first investment property should i start a LLC or S Corp. What do you gain by doing this? Does...
Nate Pucel
Buy, rehab, rent accounting questions
So I'm wondering if I maybe messed up when it comes to accounting and taxes while rehabbing a house to rent. The rehab has taken forever- 3 years. But, it's finally done. However, I'm worried that I didn't think a...