I will be inheriting a tenant who is a retired custom car builder/mechanic and his wife. Their unit is well maintained, and they currently do cleaning and yard maintenance on the side for other properties. They have...
Hello Everyone
I have to move out of my house due to job reasons. I am planning to rent my house. The house is on mine and my husband's name. I created a LLC with me being the only member on Sep 21st. I created the ...
My lawyer has mentioned a setup where a holding company LLC leases the property to a management company LLC. There would probably need to be multiple holding companies--propably one per property, but only one manageme...
Do I have to buy in cash if purchasing from a county auction? What type of loan could I get?
Hello, I'm a Real Estate Broker/Investor in Indianapolis, IN.
I'm looking for people who have setup "real estate" as a business.Right now, I have three paid off properties that are cash-flowing. What setup/structure do you prefer for your real estate business (best for taxes, b...
1) Does your rental property need to be under an LLC to take advantage of tax decuctions such as depreciation and mortgage interest tax deductions or can you still take advantage of these deductions if the home is un...
Hello all, I have an investing question in regard to lenders requiring life insurance. I have apparently reached a threshold with my bank (a million dollars in loans) and they are requiring me to get a million in life...
We own 16 condos in the same complex in New Mexico. We have divided them into two NM LLCs. Would you create more LLCs to further segregate the liability? Would you create Wyoming LLCs instead of NM LLCs? Would you use...
As the title states I am interested in hearing opinions on what people on here think is my best option for salary compensation to allow for long term wealth and RE investing. I currently work a J.O.B. that i enjoy whe...