I turned my primary residence into a rental property. Did everything right by getting the correct insurance into my business name and changing the title into the business name (cost over $2,000 to the State of Florida...

Howdy,

Just curious as I am sure this varies from location to location. Given the current lending and credit climate, how much cash reserves would you consider enough to start a business flipping homes?

Would it be...

Has anyone here done any "Subject To's"

I'll give you some averages I was told and please tell me if any of them are incorrect of if I'm missing anything.

Example property value: $100,000
1. Down payment - 20% of purchase + 4-5k in closing costs = $25,00...

We have a relatively small mortgage with a relatively high 15yr pmt.  We are 9 years in. 
We were considering doing cash-out refi's on 3 residential rentals to pull out about $300k to beef up our opportunity fund.  
...

Tax Deduction Question:Taking a long road trip to Iowa to look at properties to purchase for rental this weekend. Wife and kid in tow, we have some family to see there, but most of time will be for looking at property...

Sorry for the longer question/scenario. I bought my house in May 2020 in Raleigh market for $247,000 with 3% down and about $5,000 in closing costs. Have had roommates periodically and have probably spent less than $3...

What are the pros and cons of landlording as an LLC?

Hi All!  I am wrapping up tax prep on my extension for 2018.  I am thinking creative thoughts about how to handle the real estate flip project that we began in 2018 and completed in 2019.  Let me know how you all thin...

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