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Hello!I am wondering what the work around is to purchase properties without it counting towards my DTI. Because of how my Schedule E is with all of the write offs, it throws off what I can qualify for.One thought I ha...
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Hi guys, I have recently closed on my first investment property ever. And just consuming as much information as I can, I initially planned on transferring my asset to an LLC (will reach out to lender before doing so a...
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I plan on retiring early and moving to a cheaper state in ~3 years. Our plan is to move into a rental home in the new state, sell previous home, and eventually buy a new home in the new state.Between now and then I p...
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I am asking the basic question of "LLC or S-Corp for Rental Property?" but with a twist....I am working to acquire my first rental property in Rockford, IL and was planning to set up an LLC to hold the properties... A...
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Are there any CA investors investing out of state that structured their business with Anderson? I've had a few intro calls with them and they propose the following:- WY LLC that acts as a Holding Company- Create multi...
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Hello everyone,My friend and I want to invest in deals together out of state. We will be living in Texas but want to invest in Michigan, the Metropolitan are specifically. I was wondering what the best way would be to...
New to renting, looking for advice.
Single family home valued around $1.1m. Roughly $510k owed. Converting it to a rental projected to rent @ $4500 monthly. Currently monthly is $2800 monthly on a 2.65%. Property Man...
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Found lots of posts about “Should I create and LLC? Yes! No! Get Insurance! Go watch dancing with the stars! But where can you find materials for asset protection research?
1. I read this book: Your Best Busi...
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{LONG POST WARNING}I've researched this topic in a dozen other BP posts-- but I could use some additional input from the experiences and opinions of seasoned investors.(And please, no "consult with an attorney" respon...