Jack Robinson
New Bank Account for House Hack?
I recently closed on my first house where I will rent out the spare rooms. As this is my first house, I’m using a first time home buyer loan which requires the house to be my primary residence for at least a year. I w...
Lee Liberman
buying in your own name (not an llc)
Situation:My brother owns a rental and I own a rental in our personal names prior to us looking to invest as partners.We purchased our first house together (house 3) in an LLC with both our names attached to the LLC a...
Justin Bell
Purchase a rental using an LLC
Hello,I've found a good deal on a potential rental property but wish to purchase it using my LLC. This feels like a basic question, but how do I obtain a loan using only my LLC and keep my personal assets separate in...
Margaret Feit
Properties Titled Personally but Reported on Partnership 1065
My husband and I have an LLC with a 50% split in ownership, taxed as a partnership. We own several rental properties, which we run through this LLC. We have separate business bank accounts and credit cards and run all...
Chris Cabanilla
Tax question for Joint Venture Rehab for SFR
I’m in a situation where my in-laws and I have agreed to split profits upon the sale of their house in Orange County, California. I would put in the rehab money to renovate their house. And upon the sale of the house...
Steve S.
Do you keep high or low deductibles on your rentals?
I've gone back and forth on this and am trying to decide which makes more sense. Seems if something broke under $1,000, I may not want to claim it and i may benefit from pushing my deductible up for the things like r...
Nathan Walden
What's The Point Of Flipping When There's The BRRRR Strategy?
I've seen some investors mention that they flip houses along with keeping rentals. I find this puzzling as to why some investors do both especially when the BRRRR strategy exists. Is there any particular reason why th...
Jacob Robinson
Who to Put Down as Owner?
I am working on making an offer on my first real estate deal, the plan is to flip the house. I know the profits will be taxed as regular income, and I am trying to figure out if what I am thinking okay. . . Unoffici...
Eric Struben
Should I Start and LLC Before Buying and Investment Property
I am new to real estate investing and would like to buy and hold rentals. I am wondering if it is best to set up and LLC, get a business accounts and business credit cards before actually buying a property? I want to ...
Rob Brown
Pay off my house and buy smaller apartment deal, or keep loan on house and buy bigger apartment deal.
I got into real estate investing at a young age (19) and have bought and sold primarily residential properties since then. I have owned commercial property before (office buildings, shopping centers) but I thought I w...