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I read in Brandon Turner's Managing Rental Properties that most banks do not loan on properties owned by LLCs. Is this true? If it is true, how can I buy a property through an LLC?
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I know nothing -- so I am assuming this deal is actually too good to be true. But I am posting it here to see if I could somehow be right that this is pretty sweet.
Set of Downtown Atlanta Townhomes For Sale
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My tax advisor stated that I can’t write off the loses on rental properties since my personal income exceeded 150k.How true is it?
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Hi BP, quick question... if you know the PITI of a property, how should you adjust the 50% rule to account for vacancy, maintenance, etc.? Would it be more like the 25% rule at that point? Thanks!
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Our lender told us that second homes purchased after 2 Feb 2022 will now be charged a tax (4% of home price) up front. Has anyone heard of this?
Jon
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Hello BP community,
Just out of curiosity, if everyone who consider out of state investing has been recommended Ohio market, are there still true opportunities or actually risks? I locate in Bay Area and also conside...
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Hi BP members,Anyone know why certain states are excluded from RE investment in SDIRA account? My state is on the list.Is Checkbook IRA breaking IRS rule in any way? It is offered as a way to bypass buying RE in SDI...
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Hey guys! I recently came across what I believe to be a remarkable deal. I would really love for fellow and more seasoned real estate investor(s) to help me decide whether or not to move forward with this deal. It wil...
I have a question if you guys don't mind. My buddy just invested in Akron Ohio long distance from NY. I'm considering doing the same. But he said the prop. management he looked into out there takes a percentage of ...
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Hey everyone,So i'm looking to close on my first rental property. I am looking to get funding from a private lender that does balloon financing, interest only payments at 6% for 5 years. I'm asking for a loan of $70,0...