Anyone else out there using a HELOC on their primary residence to fund their REI? Both of my buy and hold deals were funded exclusively from my HELOC, which I then refinanced into a traditional mortgage. Because of fo...
If we want to rent out a basement in our primary residence in Ontario Canada, what are the process or things we need to do/check? What are the pros/cons of renting out rooms from your primary residence?
I’m looking to purchase a new primary residence as well as get into rental properties (SFH or small multi-families). So my original plan was to put 20% on my new home, and when I sell my house I’m in now use a portion...
Hi,I am planning on setting up 2 rental ADU on my property in Seattle, it’s a 1/2 Acre Lot so space is not a constraint, but I need some inputs on liability protection strategies anyone has implemented for a short ter...
Hello-I currently reside in Maryland, and my first rehab project is in PACurious which state I should form my LLC, and if I even need to at first?Should I just file as a Sole Proprietor until I get a few deals under m...
I have a friend that lives in a apartment complex, after a new management group took over they lowered the rent. My question is it legal to lower rent on the new tenants and not offer the same rate on the old tenants ...
Investment Info:
Townhouse buy & hold investment.
Purchase price: $515,000
Cash invested: $30,000
Bought as a primary residence with the intent to rent it later.
What made you interested...
Hello,I am recently get involved with a fix and flip (my first one). The property is in my name as we plan to live there while we renovate. I was wondering if there would be any advantage creating a LLC or business to...
I have a few properties here in Brantford, Ontario but am very intrigued with the U.S. I'm also looking in my own city for deals but with house prices skyrocketing Its becoming harder.I have been reading up on the tax...
How do I move my original home, fully paid, to an LLC for asset protection? I understand how to get a rental into an LLC - get permission from lender (Due on Sale clause), confirm continuation of insurance clause isn...