the Scenario:We have an LLC, 2 long term rentals, 1 short term rental, 1 future short term rental about to undergone renovation. I have a general contractors and interior design license. I’m required to have liability...
Has anyone purchased a multi-unit building (around 4-10 units) and done short term rentals in the whole thing? If so, how has it been for you? Any issues with multiple groups vacationing at the same time, sharing the ...
Considering creating (or repurposing an existing llc to) a small real estate management company, specifically to manage properties that we already manage (we are a married couple w/a small portfolio and handle 85% of ...
Any one know of any lenders that do HELOC’s for rental properties? I have one that is worth $185,000 with a mortgage of $114,000 & another that is free and clear worth $70k. Not sure if it’s possible, but I’d love...
Hello, BP community,
I am interested in learning about owner finance underwriting. Currently, I'm evaluating a property where the owner initiated a loan two years ago. My question is: How much equity should an owner ...
My CPA is telling me that I cannot use the sum of all my rental properties losses grouped together as one large loss to offset capital gains of the sale of 2 of those properties. He is saying that I can on only use th...
HI everyone,
I have a situation that has me wanting a bit of clarification. I am buying a group of four townhomes that share walls, Currently they each have their own property id/lot lines through the property apprai...
New to doing this so any help is appreciated. Do you enter the bedroom, bathroom and square footage of the combined units or should you separate each one and input as its own individual property?
Hi all,We currently own 6 SF rental homes in the Chicagoland area. All 6 are currently rented out and we have owned them for a minimum of 18 months to 5 1/2 years. Unfortunately, we've had some bumps in the road th...
Anyone have any experience filling vacancies in Jersey City in the Fall to Winter months? Is it really much harder?