Can you break down the benefits of forming an LLC? Putting rental homes into an LLC
The most recent data show that record momentum continues for the residential rental industry especially for the short-term rental industry, with year-over-year bookings now exceeding pre-pandemic levels.
The complexi...
I have two rentals and right now I am about half way done with my 2nd brrrr house. The rentals are owned by my LLC just for them. I am wondering should I be operating a second LLC for the management side? I do a lot o...
I just bought my first multifamily property and I have been thinking about how to maximize my tax benefits on it. If i can write off property management fees as an expense, can I pay myself (either as a sole proprieto...
Is there a benefit, tax wise or other, for paying all renovation costs to the contractor including materials through an LLC for real estate investing? Or is it more beneficial to pay personally and direct to the contr...
I need help understanding real estate taxe benefits
Here is an example
purchase price 550k
down payment 55k (owner occupied) 10%
interest rate: 3%
amortization: 25years
monthly payment - 2415.19
1250$ a month t...
Hello BiggerPockets community! I've been following BiggerPockets for quite a while and plan to make the plunge into multifamily income property investing in the second half of 2018.I'm born and raised in the Chicago ...
Greetings and Salutations to my fellow investors and landlords,
First, BiggerPockets is an amazing resource. So thankful for them doing an amazing job. It dawned on me recently that just about all of us could benefit...
Is it reasonable for a property manager to insist in their contract on being added as an "additional insured" on a landlord's property insurance policy? This relates to small multifamily investing.
Has anyone tried online DIY Cost Segregation services like https://diycostseg.com/ ?I have a SF rental with about $140,000 into it and am trying to decide: 1) Is cost segregation worth doing at all? 2) What is the v...