Justin Velasco
Personal Residence Converted into First Investment Property
Investment Info:
Single-family residence buy & hold investment in Norfolk.
Purchase price: $135,800
Approximately 1,200 sq. ft. 3 bedroom, 1 bathroom single family house with sunroom, deck, and fence...
John Moksnes
Personal vs. Investment Property IRS Designation/Classification
I am looking to turn my personal property into an investment property and then 1031 exchange into a multi-family home. How long do I have to rent out the personal property (do I have to move out or purely rent a room?...
Kevin Carrillo
Turning already personally owned property into LLC
Good morning everyone,
My name is Kevin Carrillo. I have a 30 year mortgage on a 4 bedroom house in the Dallas TX area. I live in one of the rooms and rent out the other 3. After stumbling upon BiggerPockets on Youtu...
Greg Rementer
moving property from personal name into LLC
Hi Everyone with experience with moving your title into an LLC for corporate protection. Once the title transfer has processed, in terms of switching all the bills into the LLC bank account, do I just move the mortga...
Brandon Lilly
Transferring property from LLC to personal name
I own a single-member LLC that I have been working and reinvesting to for over a year now. I have been thinking about buying my first property under the name of the LLC, since I have more capital in the business than ...
Jonah Kubath
Refinance Personal Home for First Rental property
I have owned my home for 2 years now. I have roughly 140k in equity and I am looking to do a cash-out refinance. The cash will be used to start the BRRR method. I am looking at houses around 200-300k and then renov...
Matt Fish
Insurance - Moving property from personal to LLC
I purchased a rental property in my personal name and want to move it over to my LLC. The insurance payments are paid by the lender from my escrow account. In speaking with my current insurance co, they won't insure ...
Tomas Saenz
Financial approach to personal and investment properties
Hello BP Community,
Something I have been thinking about recently and would appreciate guidance or thoughts on. This year I will be purchasing a personal residence and an investment related property (2 separate purch...
Dean Wright
Property purchase transfer from personal to LLC
I'm about to purchase my first property with a loan, but the loan will be against my personal credit but i have an LLC that i would like to have all present and future properties purchased under, how do i go about pur...
Chris Virgil-Stone
Buy property in personal name or LLC?
I have recently set up and LLC and am going to be buying 2-3 rentals withing the next 6 months. I currently have none as I have sold the single duplex I had. I am wondering what, if any drawback would be of buying the...