Hi Everyone! I would appreciate if any accountants, lawyers, etc. can shed some light on the implications that arise from being a CA resident who invests out-of-state through a business entity such as an LLC.
I want ...
Hello! I am looking to buy my first short term rental using a vacation loan. I know about the general requirements of 1. staying in the property some of the year 2. good credit 3. less than 45 dti. I would like to hea...
I estimate I could rent for approx $1600/month in my market. Here are my options...I could sell this property and make approximately $40k right now (lived here for 2.5 years) or rent it out and sell later. below are n...
Hello there everybody,
I own a property that is my primary residence. There are two garages, one i rent to a guy who is a contractor and stores his materials there. Two weeks ago it caught on fire. My insurance compa...
Hi Everyone! I would appreciate if any accountants, lawyers, etc. can shed some light on the implications that arise from being a CA resident who invests out-of-state through a business entity such as an LLC.I want to...
I have a family member who owns two houses, free and clear - no mortgages and no HELOCs.
The cheaper house, "House A", is about three times the value of "House B". Both houses serve as on and off again rentals.
B...
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $144,000
Cash invested: $23,000
Sale price: $225,000
Purchased home 4 bed, 3 bath 2855 sq ft, 5621 lot - origin...
I have an ADU next to my primary residence and often buy things for both units. I'm using Stessa and looking for the right way to record only the business expenses.Here's what I'm doing:1. Enter an inbound "owner cont...
I purchased my SFR in 2017 for $150k. I have $100k left on the loan and have a couple questions regarding pulling cash out, changing the loan and closing costs. Making things easier let’s just assume my home didn’t in...