Hi! If I set up a LLC to hold my real estate, must all my business expenses be paid via the LLC bank account for annual accounting purposes? For example, my air ticket expenses, food during my business trips, hotel, p...
I recently run into a weird situation that I have never run into before. I inherited a group of tenants after purchasing a property. The previous owner has no lease contract with these tenants. The tenants are paying ...
We are in MO.TLDR: At what point does someone become a tenant? Staying 10 days in a month or must they be consecutive? Does coming over for a little while and then going back home count as one of the days or do they h...
This question came to my mind randomly, should you have an LLC if you are house hacking on that property?
I will set up my question with some background info. I am married and 31 years old. I have 4 rental properties ranging in value from 135k-170k. Between these 4, I have approximately 140k in equity. I do not take any ...
Hi all,I am in the contracts phase on a 3-family building, which I intend to use as a primary residence while renting out the other two units. The deal is exactly what we're looking for -- we've negotiated 8.3% off th...
Can anyone point me in the right direction with a loan officer in Michigan that can help me with my first loan for a fix and flip? Thank you!
Hi,
I found a lot of good information on the website concerning the setup of a Canadian and US partnership. Depending on many factors the answer is not straightforward. I’m Canadian and I’m setting a buy and hold bus...
I may be tackling a smaller multifamily project in the Bronx soon. The property has cooking gas but its heat is from oil. Since it is always better to offset the cost of utilities to the tenants, and because the oil t...
Are there any security (e.g. Series 7 and 65) or broker licenses needed if starting a real estate investment group where one entity will make the final decisions (which properties will be purchased and when to sell) o...