I currently have one rental....a townhouse with a small yard. I personally mow the grass and do the yard maintenance twice a month. Takes about 30 min. I use my own car to haul the lawn mower (and yard tools) each ...
Thank you for reading my question.
I have been saving up cash to buy a truck, which I'd be using for both business and personal purposes. Assuming I can get a good rate on auto financing, wondering if it would make...
Could someone advise me on initial capital contribution? I recently opened up an LLC for my rental property and a business account.1.How is it funded? 2.Is the contribution in the form of Cash or could it be the prope...
Let’s say you have a property paid in full with a original cost basis of $1.2M and it is worth $2.2M and would like to do cash out financing at 70% LTV which would be $1.54M which leaves an amount of $340,000 above or...
If I live in my second home for more than 14 days out of the year (second home), what does this mean for all other income I received for STR for the year? How is this income taxed? Thank you
I'm getting a HELOC on a rental property I own and I'm wondering if I'll be able to deduct the interest on my taxes. I plan to use the funds exclusively for the purchase of rental properties and/or flips and related ...
My wife and I are looking to move into a new home. We are considering selling an investment property and converting our exisiting primary home into a rental. We would need to use the proceeds from the rental sale to...
I know Primary Resident is when you actually live in the unit for majority of the time.Q: If I rent out a room in my primary resident, is there a percentage (i.e. 2 rooms rented out of 3 or sqft, etc) that then makes ...
All,It is my understanding that I can not use a 10% second home loan and put it in an LLC to reap the tax benefits if I STR the property most of the time. I am wondering if I create an LLC to use as a managment compan...
I've been using Stessa to manage my real estate portfolio for several years now. I've had continuous problems with my account connections breaking...it's happening at least once a day. Now, Stessa just dumped all my t...