Mary Jay
What account do you use to pay your mortgages on your rentals to avoid comingling ?
Hi guys,
Ive been trying to figure out how to pay mortgages on my rentals to make sure there is no co-mingling of 2 different LLC's funds or my personal funds with those LLC funds.
So lets say you have a house that ...
Eric Giovannucci
Finding A Note Buyer
Hello All, I have successfully found a buyer for my owner financed home in El Paso, Texas. This was a great way to move the property quickly. However, I am considering selling the note as soon as we close, there is a ...
Alex Smotherman
subject to sale?
What are the proper steps to take if you purchase a property subject to and then decide to sell it lease option. Thanks
Roy Gutierrez
Renter wants to put a punching bag in the basement
Hi guys,My renter wants to hang a punching bag on the steel ibeam in the basement. He's been a very good renter, nice guy, and the rent I get from him is very good, so I try to keep him happy but I'm concerned about s...
Janel Hanson
What would you do if you were starting out?
I need help deciding on something I have $50,000 and was wanting to use it for a rental property but I live on 5 acres with a mobile home and there is a builder I could use on a $114,000 stick built home and get the e...
Joseph Georgi
150k Student Loan Debt
Does anybody have suggestions about starting to invest with 150k of student loan debt? I know if I wait too late I will never get into rental properties but I have to also worry about paying my loans
Brad Clarizio
LLC Structure for Multiple Rentals- State of Ohio
Hi folks,Now that I am acquiring enough rentals to have true value, I am getting worried more and more about the risk. That said, it's time to convert to LLC's (probably a little late, but better late than never).Curr...
Ryan H.
Single Member LLC: Self Charged Interest to Reduce SE Tax?
Questions: (1) May the owner of a single member LLC loan money to the company and charge the company interest for the loan? (2) If so, is the interest paid by the company a deductible expense to the company reporte...
Chris Brackenbury
Long term capital gain avoidance without 1031?
Hi all,I am selling a ranch that was used as a rental held tenants in common and have very little basis since it was inherited long ago. I would like to reinvest all the proceeds (375k) into a local flip (owning secon...
David Hayes
Airbnb and homeowners insurance
I am in the Airbnb for 3 months now with a full house dedicated to only Airbnb, (2/2 bungalow) and I gross about $1200-$1300/month on it. This house would rent monthly for maybe $800-$850 a month so it sounds good, B...