Hi,I'm a mortgagor of a few investment properties. All of the properties are under LLC for liability reasons. Of late, I've learnt from bankers about severe restrictions on buying additional properties considering the...
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For a duplex I'll be closing on soon, the utilities were owner paid. Is it fair to say that that can go out the window as soon as the current tenants are out (which they will be before close)? And if so, for anyone wh...
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Does anyone have experience with asking their employer about switching from a W2 employee to a consultant so that you can take advantage of the Real Estate Professional status? If the employer pays your LLC S-Corp ins...
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I wanted to know your thoughts on this. I was thinking of moving close to $200k from an old 401k account into SDIRA. I’m not much familiar with SD custodians. Only one I know is Speciaized trust company. Do they vary...
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Hello everyone, I would like to get some advice about STR's. I currently have a SFH in Arlington TX that is being used as a LTR. I was thinking about turning the house into a STR, but before I do I wanted to hear what...
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We switched our 2 rental properties over to an LLC. Can we do an addendum to the already existing leases stating the new ownership and have them sign. Or should we have them re-sign the whole contract under the LLC?
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Investment Info:
Single-family residence buy & hold investment in Oklahoma City.
Purchase price: $242,000
Cash invested: $13,000
Purchased the house to live in it initially and try Airbnb. The ho...
I have read a lot about advantage of claim "active participation", but no article about any pros on NOT claiming active participation.I have placed a couple of properties in service in 2019 and will have a loss that c...
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Hi everyone, last night I spent an hour watching Rob Swanson’sMasterclass: The One Call CloseLearn the One Call Close and close more seller leads into profit.watching Rob Swanson’s webinar called: Although I know that...
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Hi am planning to switch from a property manager company for long term tenants to RentRedi.Can you share some tips if you have done this before? 1. How did you handle things like moving the lease over? Did have the te...