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I am about to get a 3 bedrooms condo overseas. Condo costs around 75K no closing cost. Maintains around $100 per year which is very cheap. Monthly cash flow $450 USD My question is that, this sort of investment worth ...
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So I'm wondering if I maybe messed up when it comes to accounting and taxes while rehabbing a house to rent. The rehab has taken forever- 3 years. But, it's finally done. However, I'm worried that I didn't think a...
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Hello, I am new investor and have a rental. I was advised to open a business checking account for my rental. My question is why do a business account ? Why not an everyday account ? From brief research, i see business...
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I think this is the right place...
Getting some of my ducks in a row to dive in.
I know an LLC cannot get a loan on property through a bank. But curious on once I start collecting rent (yes, getting a bit ahead of ...
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Personal info:
I am 25 years old. I currently work full time as an RN, a stable job in my area (rural MN) with fairly substantial opportunity for salary growth. My wife is a dental assistant, also a stable jo...
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Hello,
I am just starting out. Working on my first rental property. Have to make some repairs. I am also interested in purchasing another property that is ready to go with minimal repairs needed to start getting some...
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The wife and I have been looking to get into rentals for some time now, section 8, to be specific. I own a few online businesses and in negotiations to purchase another local physical business within the next month or...
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Hi. Has anyone established a company (llc or other) to manage your own properties? Does it help from a tax perspective? Pros/cons etc.?Thanks.
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Hey everyone I need some advice on how to structure this flip... so I’m a realtor and have a distressed seller who has a house they need to get rid of. It would make a great flip but I don’t have the liquidity right n...
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Hi guys,I need your advice:I have a small rental and having a hard time to decide who to pick:1) First tenant has schizophrenia but his sister always pays on time (the reason I know it is because he is renting a basem...